Charts Look 'Scary Bullish for Bitcoin': Dan Tapiero

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Tapiero tweeted that the current sideways consolidation is nearly done, adding that markets always have some surprises in stock for traders and investors. He has not been able to detect any specific catalyst that will lead the Bitcoin bull run, but he does not think it is important in this case - “Specific catalyst unclear but it doesn't matter.”Over the past 24 hours, the world’s primary cryptocurrency has gone down by 3.18%. This plunge was followed by growth of 1.29%.

Bitcoin is expected by many to skyrocket later this year or in 2025 after the fundamental event for BTC that happened in April – the halving. It reduced theAnother potential price catalyst is that spot ETFs continue to purchase Bitcoin en masse, having started their regular accumulation in January, when they were approved for trading by the SEC.

Should this happen, billions of U.S. dollars will flow back into the U.S. and crash the dollar. He recommends buying Bitcoin, gold and silver as protection from this potential negative development.Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets.

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