Crypto analyst Jason Pizzino believes Bitcoin (BTC) is consolidating before a major price spike.
Google Trends as a Gauge
Pizzino uses Google search trends to track Bitcoin’s cycle. He compares current search volume to historical patterns, suggesting Bitcoin is in a similar consolidation phase as in 2020.
Timeline for Action
Pizzino predicts increased activity between July and September 2024, based on the four to six-month consolidation period below Bitcoin’s previous all-time high.
Consolidation and Sentiment
According to Pizzino, the current low search volume indicates that the market is consolidating. He compares it to 2020, when interest waned before a significant price surge.
Current Market Conditions
At the time of writing, Bitcoin is trading at $65,136, showing a slight increase over the past 24 hours.
