Macro investor and fund manager Dan Tapiero believes Bitcoin (BTC) is gearing up to print fresh all-time highs (ATHs).
The CEO of investment firm 10T Holdings tells his 115,600 followers on the social media platform X that Bitcoin could soar more than 45% from its current value if it crosses $65,000 again.
[adinserter block="1"]“Starting to look scary bullish for Bitcoin. Break of $65,000 goes right to $90,000, and then more. Very clear sideways overlapping flag type consolidation nearly done. Markets always surprise. Specific catalyst unclear but it doesn’t matter.”
Looking at 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 upward trend, followed by a short period of downward consolidation before an upward breakout.
Tapiero believes that the Fed will cut interest rates this year due to commercial real estate weakness. He also predicts an even larger growth rate is coming to the ecosystem of digital assets.
“Fed is killing commercial real estate. No inflation here. Rates need to move lower pronto. Still expect 3%. Super bullish gold, Bitcoin, Ethereum. And ‘on-chain’ spring is upon us. Digital asset ecosystem growth is spectacular. Hypergrowth phase coming now.”
Tapiero recently said that crypto assets are growing exponentially against traditional financial world assets and that an increasing number of investors will start moving over to digital assets to benefit from the larger returns.
Bitcoin is trading for $61,920 at time of writing, down nearly 2% in the last 24 hours.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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