Analyst Says Bitcoin’s Escape Velocity Will Drive Altcoins, Issues Warning

Airdrop Is Live 🔥 CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com


Bitcoin’s momentum has reached “escape velocity,” setting the stage for altcoin growth despite current market uncertainty, according to crypto analyst Dan Gambardello.

The analyst points to a combination of on-chain metrics, institutional interest, and technical patterns suggesting the crypto market is approaching a major bull phase despite bearish sentiment.

Gambardello highlighted comments from Pantera Capital CEO who stated Bitcoin has “reached escape velocity” with 50 million US owners, 300 million global owners, and major institutions like BlackRock and Fidelity offering Bitcoin products.

Altcoin Technical Analysis Shows Key Support Levels

Gambardello’s technical analysis focuses on several major altcoins showing promising chart patterns despite recent volatility.

Starting with XRP, the analyst noted how it has “resisted the recent singing of the Sirens song best” according to John Bollinger.

“XRP has such good narratives this cycle,” Gambardello stated, suggesting a pattern of accumulation as coins move from traders who were shaken out of the market to long-term value investors. He maintains price targets of $5-8 for XRP during this market cycle.

For ADA, Gambardello highlighted major institutional developments, including Coinbase Derivatives filing with the CFTC to self-certify Cardano futures.

He noted that ADA “still hasn’t even entered its bull market yet” and identified key resistance levels at the 50-day moving average (80 cents) and the 20-week moving average (87 cents).

Ethereum’s chart shows a pattern Gambardello has been tracking for some time, with the potential for a pullback to the lower trend line as the 50-day moving average crosses below the 20-day.

This creates a range of key levels to watch: the 20-day at $2,100, the 50-day at $2,500, and the 200-day around $2,900.

Institutional Interest is Driving Altcoin Momentum

The growing institutional involvement in the cryptocurrency sector is creating favorable conditions for altcoins, according to Gambardello. He points to a wave of ETF applications and regulatory approvals as evidence of this shift.

“Since the start of 2025, several altcoins have attracted the attention of US-based corporate investors who are racing to list altcoin ETFs as the SEC has relaxed its stance,” Gambardello noted.

For Cardano specifically, Gambardello emphasized the significance of Coinbase Institutional’s announcement about filing for Cardano futures, describing it as “massive” and evidence of “Cardano just going mainstream to traditional finance.”

This institutional interest aligns with on-chain data showing retail Bitcoin holders with balances under one Bitcoin are currently selling, mirroring patterns seen in late 2020 at the beginning of the previous bull market.

The analyst rejected the notion that the November-to-recent-high move represented the entirety of this market cycle. “I refuse to think that was the bull market,” he stated. “I continue to think we’re at this setting up foundation starting point of the bull market.”

Warning Sign Appears in Total Crypto Market Cap

While maintaining his overall bullish outlook, Gambardello identified one concerning technical signal on the total cryptocurrency market cap chart.

The 20-day moving average has crossed below the 200-day moving average, which historically has indicated potential further downside before a sustained recovery.

“This is the warning sign. It’s kind of this 20-day crossing below the 200-day moving average, that green crossing below the red line,” Gambardello explained.

Looking at previous market cycles, he noted this pattern occurred during the formation of market bottoms.

This pattern suggests the market could see additional volatility before establishing a solid foundation for the next major move upward.





Source link