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Crypto analyst Dan Gambardello has shared an optimistic forecast for Bitcoin, suggesting it could surpass $100,000. In his latest YouTube video, Gambardello bases this prediction on a blend of technical analysis, historical trends, and imminent macroeconomic events.
Bitcoin Setting Up For Parabolic Move…
— Dan Gambardello (@cryptorecruitr) July 16, 2024
Intro 00:00
Bullish White House in play! 00:30
Big BTC weekly move 4:05
$100k+ Bitcoin target 7:50
Bitcoin daily price action 9:35 pic.twitter.com/r2CA8lGtBf
His detailed review emphasizes key moving averages and emerging price patterns in Bitcoin’s charts. Gambardello believes these indicators align to signal a significant upward movement, making a compelling case for a bullish future for BTC. If his analysis proves accurate, Bitcoin could see unprecedented highs, reinforcing its position as a dominant digital asset in the financial markets.
Key Bitcoin Levels To Watch – July 17
The BTCUSD pair is exhibiting a bullish trend, as indicated by the recent breakout above the key resistance level of $65520.0. The price is expected to reach the next resistance at $73840.0 after a potential retracement to the discount zone.
The daily RSI shows bullish momentum, rising above the midline at 62.42. A sustained move above the trendline resistance will further validate the bullish outlook.
BTCUSD Key Levels
Resistance Levels: $73840.0, $80000.0, $84000.0
Support Levels: $65520.0, $56500.0, $50510.0
Bitcoin Metrics
Total Market Capitalization: $2.40T
Bitcoin Market Capitalization: $1.29T
Bitcoin Volume: $38.14B
Market Rank: #1
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