- Bitcoin moved to Cardano without a bridge — a major breakthrough.
- Cardano may dip slightly before a potential strong price rebound.
- Analysts say $10 ADA is possible during altcoin season.
A latest development in the crypto world has put Cardano in the spotlight. Developers from Bitcoin OS, a smart contract platform, claim they’ve successfully sent one Bitcoin from a Bitcoin wallet to a Cardano wallet and then back — all without using a bridge, custodian, or other intermediary.
This, according to experts, is a big deal because it shows how Bitcoin can move securely between blockchains without third-party services. Cardano appears to be leading the way in opening up new opportunities for Bitcoin to be used in decentralized applications without sacrificing security.
Bridgeless Bitcoin Transfer Opens Doors
Alongside this exciting news, Cardano’s price movements hints at something big too. According to Crypto Capital Venture, Cardano is one of the best-positioned altcoins for the next crypto bull market.
On the charts, ADA has been forming a pattern of higher lows, a sign often seen before a market rebound.
Related: ADA Drops 3%, but Bulls Point to 410 Million Whale Buy as Breakout Signal
Is A Price Dip Coming?
Currently, ADA is testing key Fibonacci retracement levels. There might be a possible short-term price dip towards $0.60 to $0.56 over the next 36 to 48 hours. This pattern is similar to what was seen during a period of high market fear last August. Back then, after a prolonged dip, the market eventually bounced back. Now, ADA is showing a similar setup, sparking hope that a breakout could be coming soon.
Analyst Eyes $10 ADA Potential
Analyst The Modern Investor also made a prediction and said that $10 ADA is definitely possible if there’s a strong altcoin season.
According to analysts at CryptoQuant, the long-awaited altcoin season could be starting now. They predict that June and July will mark the breakout from the accumulation phase, making it an ideal time for investors to increase exposure to altcoins.
Near-Term Market Caution Advised
While there’s always a chance Bitcoin could surprise the market with a sudden drop, analysts are confident that smart money is already flowing into altcoins. Some tokens may already be showing early signs of this trend.
Related: BREAKING: Cardano Launching AI Testnet – ADA Price Primed for Rally
In the short term, however, market volatility is expected. With U.S. Federal Reserve Chairman Jerome Powell scheduled to speak on Wednesday, traders are watching for any hints about future interest rate decisions, which could affect the crypto market.
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Source: https://coinedition.com/cardano-makes-big-leap-as-bitcoin-moves-cross-chain-without-bridge/
