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A prominent crypto analyst, Dave the Wave, suggests Bitcoin’s weekly LMACD histogram is flashing bullish for the first time in 18 weeks. This could signal a potential rally as declining red bars hint at a market reversal. The analyst also examines Bitcoin’s performance against gold and its position relative to the logarithmic growth curve.
- Bitcoin's weekly LMACD histogram shows bullish signals for the first time in 18 weeks, suggesting a potential rally.
- The BTC/gold ratio may have topped out, indicating Bitcoin could soon outperform gold.
- Bitcoin remains outside the 'buy zone' of Dave the Wave's logarithmic growth curve, last touched at around $40,000.
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