Crypto analyst Jason Pizzino is predicting a big jump for Bitcoin (BTC). He believes the price could reach $136,000 by the beginning of next year.
A Bullish Outlook
Pizzino, who boasts a large YouTube following, bases his prediction on the current market cycle. He’s confident that Bitcoin is in a “right-translated cycle,” meaning the peak will occur later in the cycle, rather than earlier. This contrasts with earlier fears of a quicker peak and subsequent drop. He describes the current market situation as “relatively rosy and healthy.”
Reaching the Target
Pizzino acknowledges that Bitcoin won’t reach $136,000 directly. He anticipates several shorter-term price targets along the way, using a specific strategy to identify potential resistance levels. He points out a significant resistance zone around $120,000, a key psychological level for many investors.
Current Price and Disclaimer
At the time of writing, Bitcoin is trading slightly below $96,000. It’s important to remember that all investment decisions carry risk, and this prediction is just one analyst’s opinion. Always do your own research before investing in cryptocurrencies.
