Crypto analyst Jason Pizzino is predicting a Bitcoin price increase, but warns of potential pitfalls. He shared his outlook with his 349,000 YouTube followers.
Bitcoin’s Upside Potential
Pizzino believes Bitcoin still has room to grow, despite its recent dip to a three-month low. He anticipates further price increases, possibly lasting until August or September 2025. He emphasizes that the current negative sentiment doesn’t signal an impending crash, but rather a period of consolidation before a future surge. He points out the lack of significant price breakdowns as a positive sign.
The Tether Factor: A Key Indicator
A major factor influencing Pizzino’s prediction is Tether (USDT) dominance – the ratio of USDT’s market cap to other crypto assets. He sees the current USDT dominance nearing a resistance level, suggesting a potential decline. A drop in USDT dominance would likely correlate with a Bitcoin price rise.
Potential Downsides: The USDT Warning
However, Pizzino cautions that if USDT dominance rises above 5.5%, it could negatively impact Bitcoin and other cryptocurrencies. This would signal a loss of faith in the market, leading investors to cash out. He considers the ideal scenario to be USDT dominance staying below 5.5%, ideally falling below 4.75%, triggering renewed investor enthusiasm.
Current Market Conditions
At the time of writing, Bitcoin is trading around $87,877, approximately 20% down from its all-time high.
Disclaimer: This information is for general knowledge and shouldn’t be considered financial advice. Always conduct thorough research before making any investment decisions.
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