Macro investor and fund manager Dan Tapiero says Bitcoin is preparing to break out to the ATH level. The popular analyst, nicknamed Credible Crypto, also believes that the Bitcoin price is poised for a big jump.
Dan Tapiero: Bitcoin is going to go on a ‘scary run’!
As you’ve been following on Kriptokoin.com, the leading crypto Bitcoin has lost momentum. That’s why it has been oscillating back and forth in a narrow space for a while. However, macro investor and fund manager Dan Tapiero says that Bitcoin is preparing to hit an all-time high (ATH). The CEO of investment firm 10T Holdings says it is important for Bitcoin to cross $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:
It’s starting to look scary bullish for Bitcoin. A break of $65,000 goes straight to $90,000 and then beyond. The very clear sideways overlapping flag-type consolidation is almost complete. Markets always surprise. The specific catalyst is unclear but not important.
“On-chain spring is upon us!”
According to his chart, the analyst suggests that Bitcoin is on the verge of completing a bull flag pattern, which in technical analysis is defined as a long bull trend followed by a short period of downside consolidation before an upside breakout. Tapiero says the Fed will cut interest rates this year due to 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 issue as follows:
The Fed is killing commercial real estate. There is no inflation here. Interest rates need to come down as soon as possible. We are still waiting for 3%. Super bullish on gold, Bitcoin and Ethereum. And ‘on-chain’ spring is upon us. The growth of the digital asset ecosystem is spectacular. Now comes the hyper-growth phase.
Credible Crypto: BTC is poised for a sudden jump!
A popular crypto analyst under the pseudonym Credible Crypto says that Bitcoin is poised for a big jump. In this context, the analyst states that it is possible for Bitcoin to reclaim the $68,000 level within days. Credible Crypto explains his 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 won’t rule out one more bounce into local demand and then wait for the relief/upside reversal we’ve been looking for. Let’s get on with it.
According to his chart, the analyst suggests that Bitcoin will witness one more move below $60,000 before a steep bounce towards the $68,000 resistance.
The views and predictions in the article are those of analysts and are not investment advice. As Kriptokoin.com, we strongly recommend that you do your own research before investing.
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