- Dan Gambardello says the Bitcoin market is in an in-between phase.
- According to Gambardello, Bitcoin’s current phase could be painful and mentally demanding.
- The analyst also described this phase as a potential season of opportunities.
Dan Gambardello, founder of recruiting firm Crypto Capital Venture, as well as the host of the popular YouTube channel of the same name, says the Bitcoin market is in an in-between phase. According to him, winter is over, but the bull market has not begun, leaving traders and investors in expectation.
Gambardello remarked that the period between the winter market and the bull run could be painful and mentally demanding for crypto market participants. While users wait for the bull market to kick in, Gambardello notes that the waiting period is critical for setting up a game plan for the future.
Despite acknowledging the pain and boredom associated with the waiting period, Gambardello observes that it could be a season of opportunities. He explained that the outcome and results derived from the current market condition depend on individual attitudes and perspectives toward the market.
Garmbardello used the Fibonacci retracement and the CCV indicator on the BTCUSD chart on TradingView to explain how he is preparing for the upcoming bull market. He identified a region on the chart as the bull market door, noting it as the zone where he would confirm the beginning of the next bull run.
He explained that the bull market door is not timeline sensitive and does not predict when the bull market starts. However, it shows the price region that Bitcoin investors should focus on. Gambardello compared the current market situation with previous pre-halving trends and the time it took before the bull market doors set in.
Based on his comparison, Garmbadello deduced there is a window of four hundred days for the setup to develop. This period covers both the pre-halving and post-halving time frame. He thinks the current market situation is not ideal for speculation. Instead, it is a time to avoid distractions and prepare for the bull run that will happen in the future.
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