Crypto Analyst Forecasts Bitcoin Breakout Before Year-End
Jason Pizzino, a prominent crypto strategist, anticipates Bitcoin (BTC) is currently consolidating in preparation for a significant rally by the year's end.
Pizzino suggests that while Bitcoin could dip to around $44,000, such corrections are historically followed by bullish trends.
Reflecting on past price behaviors, Pizzino speculates that the market’s emotional turmoil will subside, potentially paving the way for a swift rebound or gradual recovery to higher price levels.
Drawing parallels from historical monthly chart patterns, including those from 2016, he predicts a breakout could materialize within the next six months.
ПРОЧЕТИ ОЩЕ:
How Much Will Each Investor Get From the Bankrupt Crypto Exchange Mt. Gox?“This consolidation phase, lasting several months, typically precedes upward momentum,” Pizzino remarked, highlighting patterns that indicate potential market movements ahead.
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