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Bitcoin is trying to reach $204,000 in the next surge, according to an analyst who studies the technical aspects of trading.

Dan Gambardello, who started Crypto Capital Venture, thinks that the price of Bitcoin will go up to $204,000 during the next period of higher prices. The expert thinks the market will go up and make the total value of cryptocurrencies reach $10 trillion.

The total value of all cryptocurrencies is expected to reach $10 trillion soon.

BTC (Bitcoin) is currently valued at $204,000.
The price of ETH is $20,000.
XRP costs $18.
ADA costs eleven dollars. URL is pic. twittercom/OyNh4Sd9dQ

Dan Gambardello tweeted on November 3, 2023.

Gambardello said this in a new video and talked about how the price of Bitcoin has changed in patterns over the last few years. The person who studies cryptocurrencies shared a chart of Bitcoin from 2018, and explained how they think it will change in the future. He thought that Bitcoin would climb to $90,000 and then to $281,000.

Gambardello said that Bitcoin went up to $90,000 in the last big increase, but it didn’t reach its highest point. The price of Bitcoin is low right now, but it’s expected to go up in the future. The founder of Crypto Capital Venture thinks Bitcoin will reach $281,000, like he predicted in 2018.

Gambardello showed how to use different signs to predict the crypto market. He explained using Bitcoin’s power to do this. He observed that in the past, when Bitcoin was doing well, other cryptocurrencies also did well. So, he said that when Bitcoin’s control over the market goes down, it means other cryptocurrencies are doing well.

So, he thought that if Bitcoin’s popularity drops to 40%, the price of Bitcoin would be about $204,000, which would be almost 500% more than its current price. He also said how this matches with what he originally predicted for Bitcoin and was sure that the forecast would be pretty close to reality.

In addition to Bitcoin, Gambardello said that Ethereum’s power will grow to 25%, and the main alternative coin’s value will reach a high of $2. 5 He believes that Ethereum will go up because more big companies and businesses will invest in it and use its technology. He thinks that the price of Ethereum will go up to $20,000 in the next bull market.

Warning: The details in this article are only for learning and understanding. This article is not giving any financial advice or any kind of advice.

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