finsmart-news_admin 
A widely followed crypto analyst says that recent price action is aligning with long-tracked technical models, pointing to strength in gold and structural support for Bitcoin (BTC).
Crypto market analyst Dave the Wave tells his 152,000 followers on X that a Fibonacci-based price target for gold priced in U.S. dollars has been reached and that the metal remains capable of advancing toward $8000.
“Gold/USD. Fib target from way back hit… capable of running to 8K…”
Source: Dave the Wave/X
Fibonacci levels are derived from mathematical ratios and are used by traders to identify potential price targets based on past market moves.
Dave the Wave also highlights the gold-to-silver ratio, a measure of how many ounces of silver are needed to buy one ounce of gold. He said a ratio trend that began in 2020 remains on track and is now roughly three-quarters complete, suggesting continued alignment with a longer-term metals trend.
“Gold/ silver ratio chart from 2020 on target. Near 3/4s of the way there…”
Source: Dave the Wave/X
On Bitcoin, he says peak prices from about five years ago now fall within a long-term accumulation zone defined by a logarithmic growth curve.
Source: Dave the Wave/X
This model plots bitcoin’s price on a logarithmic scale to reflect slowing growth as the asset matures and is used to identify broad support areas rather than precise price targets.
