Predictions from a 30-Year Analyst: “A Major Breakout Is on the Horizon for Bitcoin (BTC) and Dogecoin (DOGE)”
Macrostrategist Jordi Visser, a guest on renowned financial commentator Anthony Pompliano’s show, discussed the bottlenecks in global markets, the rising inflation regime, and recent developments in the cryptocurrency markets.
Visser stated that he specifically saw a signal of a “major merger and breakout” in the charts of Bitcoin (BTC) and Dogecoin (DOGE).
Visser stated that traditional institutions or institutional capital do not have a direct weight in Dogecoin, and that he uses the asset as an “alarm system” to measure individual investor enthusiasm in the market.
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Visser stated that the Dogecoin chart is technically on the verge of a major breakout. He argued that a potential sharp upward movement in Dogecoin would be the clearest evidence yet of a strong return of individual investors to the crypto market.
He stated that Bitcoin would experience a lasting breakout if it surpassed its 200-day moving average (especially above the $82,000 level); and that the $2,400-$2,450 region in Ethereum carried a similar signal.
He added that global oil stocks are rapidly dwindling due to geopolitical tensions with Iran and strategic moves regarding the Strait of Hormuz. He argued that rising interest rate pressures will eventually force the government to lower rates, which would be the biggest catalyst for gold, silver, copper, and Bitcoin.
*This is not investment advice.
Continue Reading: Predictions from a 30-Year Analyst: “A Major Breakout Is on the Horizon for Bitcoin (BTC) and Dogecoin (DOGE)”
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