A well-known crypto analyst thinks Bitcoin might be ready to start climbing again soon. Jason Pizzino, who has a large following on YouTube, says Bitcoin could be on the verge of a big move up.
Bitcoin’s Timing
Pizzino is looking at the monthly chart for Bitcoin. He’s noticed that in the past, Bitcoin has taken about 20 to 21 months to start a big rally after a period of lower prices. We’re currently 22 months into this cycle.
If Bitcoin closes September above its current price, it could be a sign that this big move is about to start. He thinks Bitcoin could even close above $68,000 this month, which would be a strong signal.
Two Stages of the Rally
Pizzino also points out that after the initial breakout, there’s usually a second move that confirms the rally is really happening. He says that this second move could happen in February or March of next year.
Bitcoin is currently trading around $57,000, up about 3% in the last day.
Important Note: This is just one analyst’s opinion. You should always do your own research before investing in cryptocurrencies. /p>
