Famous analyst Dan Gambardello made important statements on his X page yesterday. According to the analyst, Bitcoin, ETH, XRP and ADA will reach significant levels. Let’s look at the details.
Bitcoin will reach this level
Gambardello predicts that Bitcoin price will climb to $204,000 in the next bull cycle. Additionally, the upcoming market rally will push the crypto market value to a record $10 trillion. Gambardello believes Ethereum will rise to $20,000 in the next bull run.
Famous analyst Gambardello predicted this in a recently uploaded video. Accordingly, he explained how the Bitcoin price has developed in cycles over the last few years. The crypto analyst shared a 2018 Bitcoin chart analyzing how the flagship crypto will evolve. In his speculative analysis, he predicted two peaks for Bitcoin at $90,000 and $281,000.
Characteristic features for Bitcoin
According to Gambardello, Bitcoin entered the $90,000 region during the last bull run, although it did not peak. The price is currently in a bear market. Also, as we prepare for the next bull cycle, the Crypto Capital Venture founder expects BTC to reach the $281,000 region he predicted in 2018.
Using more technical indicators, Gambardello explained how to use Bitcoin’s dominance in predicting the crypto market. He notes that in previous bull cycles, Bitcoin dominance declined. He also emphasizes that this is a characteristic feature of crypto bull markets. Therefore, he explains, a falling BTC dominance signals an altcoin season.
Why will BTC be 204 thousand dollars?
He notes that once Bitcoin dominance drops to 40%, the price of the leading cryptocurrency will be around $204,000. He also predicts a gain of approximately 500% for Bitcoin from its current price. He also explained how this lines up with the original BTC prediction and that he is confident the prediction will come true with reasonable accuracy.
Gambardello states that the dominance of Ethereum, as well as Bitcoin, will reach 25%. He also predicted that the altcoin leader’s market value will reach $2.5 trillion. According to Gambardello, Ethereum’s rise will be influenced by the flow of institutional money as well as businesses being built on its network. He believes this will mean Ethereum’s price rises to $20,000 during the next bull cycle.
XRP and ADA predictions attracted attention
Gambardello doesn’t just predict Bitcoin and Ethereum. He also makes predictions for XRP and ADA. cryptokoin.com When we look at it, the analyst predicts a level of $ 19 for XRP. Frankly, it means a 32X increase from current levels.
On the other hand, Gambardello, who also made an ADA prediction, thinks that the ADA price will reach the level of 11 dollars in the next bull season. This means a 33x increase in ADA.
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Bitcoin, Ethereum, XRP and ADA for the rest of the article! These Levels Will Come in Bulls