Bitcoin Targets $204,000 in Next Bull Cycle

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Bitcoin Targets $204,000 in Next Bull Cycle
Bitcoin Targets $204,000 in Next Bull Cycle

Dan GambardelloThe founder of Crypto Capital Venture predicts that the price of Bitcoin will rise to $204,000 in the next bull market cycle.

Technical analysts say the coming market recovery will also push the cryptocurrency market capitalization to a record $10 trillion.

Gambardello predicted this in a recently uploaded video, explaining how Bitcoin prices have developed cyclically over the past few years.

The cryptocurrency analyst shared a 2018 Bitcoin chart, analyzing how the leading cryptocurrency will develop. His speculative analysis predicts BTC’s two highest points at $90,000 and $281,000.

Gambardello said that Bitcoin entered the $90,000 area during its recent bull run, although it has not yet reached its peak.

With prices currently in a bear market and preparing for the next bull cycle, the founder of Crypto Capital Venture expects BTC to reach his projected $281,000 area in 2018.

Gambardello uses more technical indicators to explain how Bitcoin can be used to predict the cryptocurrency market.

He noted that during previous bull cycles, Bitcoin’s dominance declined, a phenomenon characteristic of crypto bull markets.

Therefore, he explained that the decline in Bitcoin dominance heralds the arrival of altcoin season.

Therefore, he predicts that when Bitcoin dominance drops to 40%, the price of the pioneer cryptocurrency will be around $204,000, reflecting a nearly 500% increase in BTC from its current price.

Gambardello further revealed that this is in line with his original Bitcoin prediction and believes that the prediction will be carried out with reasonable accuracy.

Beyond Bitcoin, Gambardello predicts Ethereum’s dominance will reach 25%, with the leading altcoin’s market cap reaching a record $2.5 trillion.

He said Ethereum’s rise will be affected by institutional cash flow and the businesses and businesses built on its network.

He believes this will cause Ethereum prices to rise to $20,000 in the next bull cycle.



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