- Dan Gambardello remains bullish on the crypto market.
- The analyst believes that BTC will reach $200k.
- BTC is currently trading above the daily 9 and 20 EMA lines
According to the crypto analyst, Dan Gambardello (@cryptorecruitr), Bitcoin (BTC), Cardano (ADA), Polygon (MATIC), Ripple (XRP), and several other altcoins are likely to explode in the medium to long-term future.
According to a tweet made by the analyst in the early hours of this morning, the analyst believes that BTC will break above the $200k level, and ADA, MATIC and XRP will break $15 per coin. The tweet also added that COTI and ALGO will break $5, ETH will break $10k and LINK will break $100 zones.
According to CoinMarketCap, the price of BTC is still trading above $20k despite it dropped 2.86% over the last 24 hours. Looking at the weekly performance of Bitcoin, its price is still up 6.20% over the last week.
ADA, MATIC and XRP are currently trading at $0.3859, $0.9081 and $0.4612 respectively after their prices dropped over the last 24 hours. Furthermore, COTI and ALGO are trading at $0.1021 and $0.3245 respectively, at press time.
In addition, ETH is trading at $1,515.48 after its price dropping 3.25% over the last 24 hours and LINK is trading at $6.90 after its price fell by 5.20% in the same time period.
BTC/USDT daily chart (Source: CoinMarketCap)
The price of BTC has risen above the daily 9 and 20 EMA lines, and the two lines crossed bullishly over the course of this week. If BTC is able to maintain this level above the two EMA lines, its next target will be the resistance level at $21,600.
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