Analyst Expects Bullish Trend For: Bitcoin, Ethereum, And Cardano

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,339,419,386,310	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,339,419,386,310

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	514.75	0.76%	68,427.73	68,427.72	68,427.73

Price Change

Price Change %

Current Price

Bid Price

Offer

514.75

0.76%

68,427.73

68,427.72

68,427.73

High Price	Low Price	Open Price	Prev. Close	52 Week Range
68,490.48	67,658.00	67,857.26	67,912.98	24,900.00 - 73,835.57

High Price

Low Price

Open Price

Prev. Close

52 Week Range

68,490.48

67,658.00

67,857.26

67,912.98

24,900.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	13:08:04	0.015934	68,432.97	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

13:08:04

0.015934

68,432.97

USD

Price x Volume	Volume	Base Symbol	Related Pairs
132,441,124.47	1,947.61	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

132,441,124.47

1,947.61

Analyst Expects Bullish Trend For: Bitcoin, Ethereum, And Cardano

04/12/2023 3:00pm

NEWSBTC

Dan Gambardello predicts a bullish trend for Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA) in the current cryptocurrency market. Crypto Analyst On The Bitcoin Rally Dan Gambardello took to his official X (formerly Twitter) handle to share his bullish about the three major cryptocurrencies. The analyst post was accompanied by a video where he explained why he is bullish on these three coins. According to the analyst, positive setups have appeared on the charts of all three cryptocurrencies. At the beginning of the video, Gambardello stated that he believes Bitcoin has a short-term upside target of about $42,000. Related Reading: Bitcoin Price Blasts Past $41,500: Here Are The Reasons But regardless of whether the market leader hits this threshold, he believes there might be a correction. His warning of a correction is due to the overbought territory the crypto asset has entered. Additionally, he revealed that the impending correction of BTC would resemble past price movements. He further asserted that the asset would make this adjustment a “common move.” The analyst also discussed the potential for Bitcoin to consolidate near the $42,000 resistance level. According to the analyst, it would signal the beginning of a new phase for the market when it takes place. Gambardello also expressed his confidence about the next bull run, believing it to be imminent. He noted that the worst bearish trends for Bitcoin ended in January this year and have played out “quite well” ever since. However, he asserted that crypto market consistency might not have played perfectly, but it has been pretty close to being “accurate” in terms of what the cycles have been doing. He stated: In this macro piece of data I charted in 2018, BTC was like $3,500 or so. And this was my approach to the macrocycles of crypto. And has it played out perfectly? it has not been perfect, but it has been extremely close to on point, in terms of what these cycles are doing. Dan Gambardello On Ethereum (ETH) And Cardano (ADA) Gambardallo believes that the Ethereum trend appears to be different from that of BTC. He highlighted an ascending triangle for the crypto asset, which could see ETH reaching about the $4,000 price mark. He also highlighted a critical resistance level for ETH, around $2,270, on its chart. Related Reading: Here Are Four Crypto Assets Poised For A Major Price Explosion – Analyst So far, he believes ETH could surge to $3,000 if it can break above this level in the next few weeks. However, he further urges the cryptocurrency community to be prepared for a huge crash when this happens. For ADA, the analyst has highlighted an ascending triangle for the asset with quite a few resistance levels. He projected that if ADA breaks out in the coming days, the cryptocurrency would surge to $0.45. Also, his longer-term price stance for ADA is between the $0.80 and $0.85 range. Featured image by iStock, chart by Tradingview.com

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