Bitcoin price swings can feel confusing when you are new to crypto. One week prices climb fast. Next week the market pulls back. Those pullbacks are called corrections, and they happen regularly in Bitcoin markets.
A popular crypto analyst now believes the deepest part of the recent Bitcoin correction may already sit behind us. His analysis points to a price range where buyers often step in.
Good to Know
- Analyst Dave the Wave says Bitcoin entered a historical buy zone on his chart model.
- The Logarithmic Growth Curve (LGC) tracks long term Bitcoin price cycles.
- Technical levels suggest possible support near $56,500 and $50,000.
Why Some Analysts Think Bitcoin Is Near a Buy Zone
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Sentiment in the Dumps; Price in the 'Buy Zone'
A Scenario for the Year Going Forwardhttps://t.co/x2gCAJ5uZx pic.twitter.com/FKrjumVh7u— dave the wave🌊🌓 (@davthewave) March 3, 2026
Dave the Wave shared his view with about 158,000 followers on X. According to his chart, Bitcoin now trades inside the “buy zone” of the Logarithmic Growth Curve model. He said:
“As we can see by the chart, there is good reason to think the worst of the correction is behind us. That said, this does not mean to say there it will not be lengthier, or that prices will not go lower.”
In other words, price could still move around inside that range. Short term dips remain possible. However, historical patterns suggest the deepest part of the decline may already have happened.
Bitcoin often moves sideways before another upward trend begins. Traders sometimes call that choppy price action.
Understanding the Logarithmic Growth Curve
Many Bitcoin analysts study long term price charts instead of focusing on daily swings. Dave the Wave uses the Logarithmic Growth Curve, often called the LGC.
A logarithmic chart compresses large price increases over time so long term trends become easier to see. Bitcoin has grown so much since 2010 that a normal chart can make early cycles hard to compare.
The LGC model attempts to estimate where Bitcoin cycles usually find highs and lows. According to the analyst, the model has tracked Bitcoin fairly well since 2018. He explained:
“But those lower prices are likely to stay within the buy zone [and remain tolerable] according to the LGC model that has performed well since 2018 as well as a technical two level fib (Fibonacci) retracement of the cyclical move up.”
For beginners, a buy zone simply means a price range where long term investors often consider accumulating Bitcoin.
Key Support Levels Traders Are Watching
Technical analysis also looks at Fibonacci retracement levels. Traders use those levels to estimate where buyers may return after a price drop.
Fibonacci retracement comes from a mathematical sequence. Market analysts apply those ratios to charts to estimate possible support or resistance.
Dave the Wave highlighted two important levels.
The first sits near $56,500, which lines up with the 0.382 Fibonacci retracement level. If price falls further, the lower boundary of the buy zone could reach around $50,000, based on the LGC model.
Support zones do not guarantee price will reverse there. However, many traders watch the same levels, which can influence market behavior.
Why Corrections Are Normal in Bitcoin
Anyone new to Bitcoin should expect corrections. Even during strong bull markets, Bitcoin has historically dropped 20 percent or more several times before climbing again.
Experienced investors often view corrections as part of the normal cycle rather than a reason to panic. Understanding tools like Fibonacci retracement or the logarithmic growth curve helps explain why analysts often focus on specific price ranges. If you want to know more have a look at what we believe are the most interesting podcasts about Bitcoin and books to read.