A popular crypto analyst, Jason Pizzino, thinks Bitcoin (BTC) could soon reach a new all-time high. He’s telling his 330,000 YouTube followers that Bitcoin will likely skyrocket to a record price by the end of this cycle.
A Long Road to the Top
However, Pizzino says there’s a catch. He believes Bitcoin will stay below its previous record high for another 4-6 months before breaking out. We’re already close to the four-month mark, and Pizzino thinks we’ll start to see Bitcoin climb above $64,000 soon. He even predicts it could reach a new all-time high during this period.
A Key Level to Watch
Pizzino says investors should keep an eye on the price action to confirm a market bottom for Bitcoin. He suggests that if Bitcoin can reach around $63,750 and hold above that level, it will signal that the bottom is in. This consolidation would then allow Bitcoin to push higher and test its previous all-time high of $74,000.
Bitcoin’s Current Status
Right now, Bitcoin is trading at around $57,433, which is a slight increase over the last 24 hours.
Remember: This is just one analyst’s opinion. It’s important to do your own research and consult with a financial advisor before making any investment decisions.
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