Crypto Analyst Predicts Bitcoin Could Reach New All-Time High
Crypto analyst Jason Pizzino has made a prediction about when Bitcoin (BTC) could reach a new all-time high (ATH). In a recent strategy session, Pizzino tells his YouTube subscribers that BTC may enter a bull market cycle as early as late next year, surpassing the current ATH of around $69,000.
Pizzino also mentions that he is closely monitoring Bitcoin’s price action in the short term, specifically in relation to certain key levels. These levels will help determine the bottom of the market cycle.
Bitcoin is currently trading at $26,823.
Hot Take: Bitcoin’s Potential for a New ATH
Crypto analyst Jason Pizzino believes that Bitcoin has the potential to reach a new all-time high (ATH) in the future. He predicts that this could happen as early as late next year or possibly in the second half of 2024. However, Pizzino emphasizes the importance of monitoring Bitcoin’s price action and its ability to surpass key levels in the short term to confirm the market cycle bottom. As of now, Bitcoin is trading at $26,823. Only time will tell if it can break through these levels and make its way towards a new ATH.
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