Cryptocurrency Analyst Forecasts Bitcoin Bull Run and Targets New All-Time Highs
Analyst and trader Jason Pizzino predicts that Bitcoin (BTC) is poised for a significant upward movement towards fresh all-time highs.
- Pizzino informs his 326,000 YouTube followers that the current Bitcoin bull market is just pausing as it consolidates below the immediate resistance level of approximately $69,000.
- The analyst believes that BTC will soon break out of consolidation and achieve gains of up to 100% from its current value. He employs the Fibonacci extension tool to pinpoint his substantial Bitcoin price target.
Bitcoin Price Projections
- Projected Targets:
- Pizzino foresees a potential first target of $135,000.
- He indicates that a double move akin to the recent one from $3,000 to $68,000 could lead to a target of around $135,000.
Bitcoin is presently trading at $66,988, registering a gain of over 2.50% within the last 24 hours.
Key Price Levels to Watch
- Significant Levels:
- Pizzino highlights a few other pivotal price levels that he will monitor before Bitcoin potentially doubles in value.
- These include targets around $100,000, $115,000, $120,000, $130,000, and $150,000, all of which are crucial in projecting the cryptocurrency’s price trajectory.
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Hot Take: Will Bitcoin Reach New Heights?
Analyst Jason Pizzino’s optimistic outlook on Bitcoin signals a potential continuation of the current bull cycle, hinting at the cryptocurrency’s journey towards new all-time highs.
The post Bitcoin Bull Cycle Not Over by Any Stretch of the Imagination, Says Analyst Jason Pizzino – Here Are His Targets appeared first on The Daily Hodl.
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