Investing.com - Financial Markets Worldwide
NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

Bitcoin Aims For $204K in the Next Bull Cycle: Technical Analyst

Published 11/04/2023, 06:21 PM
Updated 11/04/2023, 06:45 PM
© Reuters. Bitcoin Aims For $204K in the Next Bull Cycle: Technical Analyst
BTC/USD
-

  • Dan Gambardello predicts Bitcoin price would climb to $204,000 in the next bull cycle.

  • The upcoming market rally would push the crypto market cap to a record $10 trillion.

  • Gambardello believes Ethereum would rally to $20,000 in the next bull run.

Dan Gambardello, founder of Crypto Capital Venture, has predicted that Bitcoin price would climb to $204,000 in the next bull cycle. According to the technical analyst, the upcoming market rally would also push the crypto market cap to a record $10 trillion.

Gambardello predicted this in a recently uploaded video and explained how Bitcoin price has developed in cycles over the past few years. The crypto analyst shared a 2018 Bitcoin chart, analyzing how the flagship crypto would evolve. His speculative analysis projected two peaks for Bitcoin at $90,000 and $281,000.

According to Gambardello, Bitcoin entered the $90,000 region during the last bull run, even though it did not reach its peak. With the price currently in a bear market and prepa…

The post Bitcoin Aims For $204K in the Next Bull Cycle: Technical Analyst appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.