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Bitcoin remains Bullish: Analyst Pizzino predicts a new record highlight!
Jason Pizzino explains why the Bitcoin bull market continues and predicts a new high in October.
Bitcoin remains Bullish: Analyst Pizzino predicts a new record highlight!
The cryptocurrency freedom remains exciting, especially with regard to Bitcoin. Jason Pizzino, an experienced trader and analyst, recently commented on the current market situation and discussed the perspectives for Bitcoin in the coming months. With 358,000 subscribers on YouTube, Pizzino has a considerable range and its analyzes often attract great attention.
In his recent statements, Pizzino emphasized that there were no significant macroeconomic price crashes that would show the end of the current Bitcoin cycle. He emphasized that it was crucial to analyze longer trends (weekly and monthly) instead of being guided by short -term fluctuations. Bitcoin cycles usually last between 35 and 37 months, and the current cycle is already 34th month.
Forecasts for future price points
Pizzino makes clear predictions for Bitcoin: Although he anticipates that Bitcoin will remain under the all -time high from mid -August for the rest of September, he believes that a new all -time high in October is possible. This would match the 35-month brand of the cycle. In addition, he noticed that potential high points can also be expected in November (36 months), December (37 months), January (38 months) and February (39 months).
Despite optimistic prospects, Pizzino did not mean that Bitcoin could temporarily fall on a five -digit price while the bullish structure is retained. Bitcoin is currently being traded at a price of $ 111,437, the short -term support area is $ 112,000. If the course falls below this value, it could even drop to $ 107,000 or lower.
In a market that is characterized by volatility, Pizzino’s analysis is a valuable contribution to assessing the next steps. Investors and traders should take his assessments seriously while observing developments in this dynamic sector.
The coming months will be crucial to see whether Pizzino’s forecasts come true. The dynamic nature of the Bitcoin market offers both risks and opportunities, and the ability to recognize long-term trends could be the key to success for investors.