Crypto analyst Dave the Wave told his 158,000 followers on the social platform X that Bitcoin (BTC) has entered the "buy zone" of his logarithmic growth curve model, a historically accurate forecasting tool he has used since 2018 — signaling that the deepest phase of the current correction is likely behind the market.
What Happened: BTC Enters Buy Zone
Dave the Wave, a widely followed technical analyst, posted a chart showing BTC trading inside the buy zone of his logarithmic growth curve, or LGC — a model designed to project Bitcoin's market cycle peaks and troughs while filtering out short-term price noise.
The analyst cautioned that entering the buy zone does not rule out further downside or a longer correction.
"This does not mean to say there it will not be lengthier, or that prices will not go lower," he wrote, adding that any additional declines would likely remain within a range he described as "tolerable" under the LGC framework.
His chart places the lower boundary of the buy zone near $50,000, which Dave the Wave suggested would represent the floor for BTC based on the model's seven-year track record. Should another leg down materialize, the .382 Fibonacci retracement level at roughly $56,500 would serve as the next likely support area.
BTC was trading at $67,242 at the time of writing, up 0.15% on the day.
Also Read: Oil Spike And Equity Selloff Weigh On Crypto Markets As Bitcoin Tests $66,000
Why It Matters: Cycle Floor in Sight
The LGC model has drawn attention because of its consistent performance across multiple Bitcoin market cycles since 2018. If the model holds, a drop to $50,000 would represent a roughly 25% decline from current levels — painful but far from the catastrophic drawdowns BTC has experienced in prior bear markets.
Fibonacci retracement levels, a standard tool in technical analysis used to identify potential support and resistance zones, reinforce the $56,500 area as a key level to watch. For traders and longer-term holders, the convergence of these two frameworks around a relatively narrow range suggests the correction may be entering its final stages rather than accelerating.
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