Cardone: Bitcoin to $40k By November, A ‘Major Crisis’ In Crypto Is Inevitable

On Bitcoin

Guest Gary Cardone · not counted as Altcoin Daily's view.

Views

• Next months (next 2–6 months): Leans down: I think I will see 40 this year. In fact, I think I'll see 40 before November in the 40s ▶ 15:54
• This cycle (next 6–18 months): Expects down: Like we have most certainly not seen capitulation this cycle. D. We're so far away from capitulation. ▶ 11:11

If this, then that

• If If Bitcoin touches 55k, it probably goes to check out 52.5k, then no target given (next months): If we touch 55, we probably go check out 52 and a half. And if we check out 52, we go in the 40s. ▶ 15:50
• If If Bitcoin checks out 52k, it goes into the 40s, then no target given (next months): If we touch 55, we probably go check out 52 and a half. And if we check out 52, we go in the 40s. ▶ 15:50

Levels named

• 55k: Target (he says the prior lower low has not been retested yet): I think I think I think uh we have to test 55. ▶ 15:35
• 50k: Support (he wants to see a heavy puke and capitulation at 50k): So, I'd like to see a $50,000 print. I'd then like to see like, hey, there aren't any sellers. ▶ 35:38

Their own position: Holding. I dude, I hold hundreds of Bitcoin at $57,000. Okay? I haven't sold any Bitcoin.

Dates named

• Clarity Act passage expected in the summer, undated: I mean, are we going to get a $2,000 pump because of the Clarity Act? I hope not.