Macro investor and fund manager Dan Tapiero says Bitcoin is preparing to rise to the ATH level. A popular analyst with the pseudonym Credible Crypto also believes that the Bitcoin price is poised for a big jump.
Dan Tapiero: Bitcoin will have a ‘terrible rise’!
cryptokoin.comAs you follow from , leading crypto Bitcoin has lost momentum. That’s why he’s been swinging back and forth in the tight space for a while now. However, macro investor and fund manager Dan Tapiero says Bitcoin is poised to hit an all-time high (ATH). The CEO of investment company 10T Holdings states that it is important for Bitcoin to surpass $ 65,000 again. In this case, he predicts that the leading cryptocurrency will rise more than 45% from its current value. In this context, Tapiero makes the following statement:
A frightening rise has begun to appear for Bitcoin. A break of $65,000 goes directly to $90,000 and then higher. Flag type consolidation with very clear laterally overlapping is almost complete. Markets always surprise. The specific catalyst is unclear but not important.
“On-chain spring is on our doorstep!”
Based on his chart, the analyst suggests that Bitcoin is on the verge of completing a bull flag formation, which is defined in technical analysis as a short period of downside consolidation before a breakout to the upside after a long bull trend. Tapiero says the Fed will cut interest rates this year because of the weakness of commercial real estate. He also predicts an even greater growth rate coming to the digital asset ecosystem. The analyst expresses his views on this subject as follows:
The Fed is killing commercial real estate. There is no inflation here. Interest rates need to fall as soon as possible. We are still waiting for 3%. Super rally in Gold, Bitcoin and Ethereum. And ‘on-chain’ spring is on our doorstep. The growth of the digital asset ecosystem is spectacular. Now comes the hyper growth phase.
Credible Crypto: BTC is preparing for a sudden jump!
A popular crypto analyst going by the pseudonym Credible Crypto says Bitcoin is poised for a big bounce. In this context, the analyst states that it is possible for Bitcoin to regain the $ 68,000 level within days. Credible Crypto explains its predictions as follows:
Not much has changed here folks, but many altcoins are now hitting my downside targets/bounce zones so things are starting to line up here. We will not rule out another bounce back to domestic demand and then wait for the relief/upside reversal we are looking for. Here you go.
According to his chart, the analyst suggests that Bitcoin will witness another move below $60,000 before a steep bounce towards the $68,000 resistance.
The opinions and predictions in the article belong to the analysts and are definitely not investment advice. cryptokoin.com We strongly recommend that you do your own research before investing.
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