Reputed crypto expert highlights crypto being in red again.
The analyst marks bullish patterns on multiple relevant charts.
These bullish signs include the low MACD and many other indicators.
A popular crypto trader and financial expert, Dan Gambardello, shares his latest observation ont he crypto price chart and believes something very bullish is set to occur in the coming days ahead. In detail, the reputed crypto expert highlights crypto being in red again and marks bullish patterns forming on the altcoin and BTC price charts. Let’s dive into his insightful video sharing bullish expectations.
Reputed Crypto Expert Highlights Crypto Being in Red Again
Dan Gambardello begins his video by talking about how crypto is red yet again as the 10-year yield just spiked to levels the crypto market has now seen since September. The analyst highlights a similar pattern that led to the bull market pump that led towards BTC hitting its current ATH price in the $126,000 price range. This pattern has to do with Trump’s tariff playbook.
In detail, the expert talks about how the pattern began when Trump announced his April tariff threats. This led to a bond spike reflecting uncertainty while Trump played his tariff game. Back in April, when he was done, Trump paused tariffs, leading to a drop in yields, and right when it all seemed terrible, crypto bottomed. The video then mentions Trump’s latest post that said things are "going to be a very interesting in Davos".
https://twitter.com/dangambardello/status/2013672397539320296
As we can see from the video in the post above, this expert highlights two recent moves. The first is Trump mentioning that the events at Davos should be worth watching, and the second is the fact that US inflation is under 1.5%, meaning deflation is a very big risk, and that the Fed should be cutting rates aggressively. Gambardello finds these two factors very interesting and then dives into the BTC price chart.
BTC Price Chart Marks Bullish Pattern
Here, the expert starts looking at the BTC price movement for the past two years. On this, he says that it's been highly frustrating for traders as the field has been rocky and tough. Even in the short-term, it seems the price of Ethereum indicates the same, a stagnant movement for over two years. Using this, the expert helps macro investors understand the factors that matter to manage what is to come next.
All in all, the expert highlights the headline event, which is that the 10-year yield just spiked to levels that the market hasn’t seen since September. This means that Trump does not want higher yields and is making moves to ensure that the markets play out as he wants them to. The video then delves into how low the MACD is and highlights several bullish signs on the altcoin and total market cap charts, all hinting at massive crypto price surges ahead.
