Analyst Predicts Record-Breaking Crypto Market Bull Run
The Securities and Exchange Commission’s decision to drop its lawsuit against Ripple Labs is a major moment for the crypto market and signals the beginning of a potential record-breaking bull market, according to crypto analyst Dan Gambardello.
The SEC’s December 2020 charges against Ripple for allegedly conducting a $1.3 billion unregistered securities offering have finally been resolved, with Ripple CEO Brad Garlinghouse declaring victory.
“Dip Then Rip” Pattern Points to Massive Bitcoin Upside
Bitcoin’s current price correction follows a pattern that Bitwise Asset Management calls “dip then rip,” according to Gambardello’s analysis.
This phenomenon describes Bitcoin’s tendency to drop sharply when…
