Dan Gambardello has warned the crypto community that we are in the midst of a transformation, advising caution and the need for critical thinking. Although there are signs that the bull market has fully begun, Gambardello emphasized that real fluctuations have not yet started and highlighted the importance of being prepared for unexpected developments.
In his analysis, Gambardello mentioned that there are only months left until the Bitcoin halving, stating that the real surge typically occurs after the halving. He pointed out that the current situation is only superficial and that crypto enthusiasts are at the beginning phase of a larger market change.
Gambardello identified the first-year increase in ETF entries as one of the factors driving the bull market. He indicated that this increase would contribute to the overall upward trend.
Moreover, he highlighted that individual participation, as indicated by the “crypto” trend on Google, has not even reached its peak compared to the enthusiasm seen in the 2021 bull market. Discussing major events that will shape the crypto landscape in the coming years, Gambardello listed the Federal Reserve’s expected interest rate cut in 2024 and the anticipated decline in the U.S. Dollar Index (DXY) as the third factor.
Pointing to the cyclical nature of the crypto markets, Gambardello talked about the sudden spikes during market transitions. However, he cautioned about significant drops exceeding 30% on the horizon, advising caution. While accepting the unpredictability of the future, he expressed gratitude for the reliability of crypto cycles and that data continues to guide investors throughout the evolving landscape.