Bitcoin
Dan Tapiero says Bitcoin is becoming a ‘scary bull’ and reveals BTC price target after clear break of this level
Macro investor and fund manager Dan Tapiero believes that Bitcoin (Bitcoin) is preparing to print new all-time highs (ATHs).
The CEO of investment company 10T Holdings it says his 115,600 followers on the social media platform
“Starting to look frighteningly bullish for Bitcoin. The $65,000 discount goes straight to $90,000 and more. Consolidation of very clear laterally overlapping flag type almost complete. Markets always surprise. Specific catalyst is unclear, but it doesn’t matter.”
Source: Dan Tapiero/X
Looking at its chart, the analyst suggests that Bitcoin is about to complete 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 believe that the Fed will cut interest rates this year due to weakness in the commercial real estate sector. He also predicts that an even higher growth rate is coming to the digital asset ecosystem.
“The Fed is killing commercial real estate. There is no inflation here. Rates need to come down immediately. I still expect 3%. Super bullish gold, Bitcoin, Ethereum. And ‘on-chain’ spring is coming. The growth of the digital asset ecosystem is spectacular. Hypergrowth phase arriving now.”
Tapiero recently he said that crypto assets are growing exponentially relative to traditional financial assets and that an increasing number of investors will begin to migrate to digital assets to benefit from higher returns.
Bitcoin is trading for $61,920 at the time of writing, down almost 2% in the last 24 hours.
Don’t miss a beat – Subscribe to receive email alerts directly to your inbox
To check Price Action
Follow us on X, Facebook It is Telegram
To surf Hodl’s daily mix
 
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investment 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 purchase or sale of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image generated: DALLE3