Dan Tapiero claims that Bitcoin is heading for a major rise. The famous analyst states that Bitcoin has been forming a “cup and handle” formation for a long time and that this structure could take the price to new historical highs.
Tapiero, as the CEO of 10T Holdings, predicts that Bitcoin could surpass the $74,000 level in March 2024 due to this massive bull formation. This formation generally indicates that the rise will continue and that Bitcoin will accumulate for a while before breaking an important resistance level.
The “cup and handle” formation is a bullish pattern frequently seen in the investment world, indicating that the asset will make an upward movement. Tapiero emphasizes that Bitcoin will reach new highs after completing this pattern, adding that this process has been gathering strength for a long time. This pattern can lead to increased investor confidence and large capital entering the market.
Tapiero also noted that China’s steps to revitalize the economy will have a positive impact on Bitcoin. China’s liquidity-boosting moves could create significant opportunities for Bitcoin investors and contribute to higher prices.
As a result, according to Tapiero, there are great opportunities for Bitcoin investors. The completion of the cup and handle formation indicates that Bitcoin will reach new highs, and the increase in liquidity from China will support this rise. 10T Holdings’ cryptocurrency and blockchain investments can also contribute to this uptrend. Tapiero’s experiences and analysis are closely followed by investors; Bitcoin can rise with these strong signals.
