A crypto analyst thinks Cardano (ADA) is about to go on a big run, just like it did in 2020.
Cardano’s 2020 Repeat?
Ali Martinez, a popular crypto trader, believes Cardano is following a similar price pattern to its massive 4,095% surge in 2020. He predicts a potential pump around November 18th, just after the US elections, and a possible peak by September 2025.
Bitcoin’s Short-Term Outlook
Martinez also sees good things for Bitcoin (BTC) in the short term. He’s using a metric called Market Value to Realized Value (MVRV) to suggest a potential 16% increase from current prices.
The MVRV tells us whether Bitcoin is undervalued or overvalued. Martinez’s analysis suggests Bitcoin is currently undervalued, indicating a possible price jump. He predicts a potential top around $84,200.
November’s Historical Bullishness
Looking at historical data, Martinez points out that Bitcoin has closed higher than it opened in November 63% of the time since 2013. This historical trend suggests a bullish November for Bitcoin.
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