Macro investor Dan Tapiero has described bitcoin’s prospects as extremely bullish. He predicts that if bitcoin breaks the $65,000 mark, it could likely rise to $90,000 and beyond. Although he acknowledges that the specific catalyst for bitcoin’s imminent breakout is unclear yet, Tapiero asserts that this detail is irrelevant at this stage.
Macro Investor Dan Tapiero Predicts ‘Scary Bullish’ BTC Prospects; Foresees Crypto Asset Surpassing $90K
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Tapiero Says Sideways Overlapping Flag-Type Consolidation Almost Done
Dan Tapiero, venture capitalist and founder of DTAP Capital, has described the prospects for bitcoin ( BTC) as “scary bullish.” He predicts that if BTC breaks $65,000, it will head straight to $90,000 and even beyond. In a post shared on X on May 14, Tapiero disclosed that a very clear “sideways overlapping flag-type consolidation” is almost complete, but warned that “markets always surprise.”
In technical analysis, a sideways overlapping flag-type consolidation refers to a specific pattern observed in the price chart of a security, such as a stock or a cryptocurrency. This pattern begins with the flag pole, followed by a flag, and ends with a breakout. According to Tapiero’s analysis, the top crypto asset is about to complete the consolidation phase, indicating that a breakout could be imminent.
To support his latest prediction, the macro investor, who is rooting for BTC to cross the $200,000 mark this year, shared BTC’s six-month price chart. The chart suggests a continuing upward trend, which could see BTC hitting another all-time high sometime in June.
In the same post on X, Tapiero hinted that once BTC reaches the $90,000 mark, it could still climb higher. While admitting that the specific catalyst for BTC’s imminent breakout is not yet clear, Tapiero said this “does not matter” at this point. The billionaire also appears to encourage his 115,000 followers on X to heed a call by the macro investor Raul Pal for BTC users to hold.
At the time of writing (May 14 at around 9.30 am EST), BTC was trading at just over $61,600, about $4,500 shy of Tapiero’s predicted breakout price.
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