Crypto strategist Jason Pizzino believes Bitcoin (BTC) is consolidating before a major surge.
Historical Precedence
Pizzino analyzed historical data and found that BTC could dip to $44,000 but still end the year bullish. He noted that similar dips have occurred in the past.
Breakout Timeline
Based on monthly chart patterns, Pizzino predicts a breakout within the next six months. He draws parallels to the 2016 consolidation and subsequent rally.
Current Market Conditions
At the time of writing, Bitcoin is trading at $58,541, down 2% in the last 24 hours.
Disclaimer
Pizzino emphasizes that his opinions are not investment advice. Investors should conduct their own research before making any cryptocurrency investments.
