Crypto analyst Jason Pizzino believes Bitcoin (BTC) could reach its peak sooner than expected, breaking away from a historical pattern.
Unprecedented Price Action
In previous cycles, Bitcoin typically pulled back after hitting the 50% retracement level on the monthly chart. However, this cycle, Bitcoin has remained above this level, signaling a stronger market.
Possible Earlier Peak
Pizzino suggests that this divergence from the pattern could indicate Bitcoin’s market is stronger than before, potentially leading to an earlier peak. He warns investors to be prepared for significant price increases from this point forward.
Current Market Status
As of writing, Bitcoin is trading at $52,464, up nearly 6% in the past week.
