Crypto analyst Jason Pizzino is throwing some cold water on the Bitcoin hype. He’s warning that those who’ve recently jumped into the Bitcoin bull market might be in for a disappointment.
Lower Returns Ahead?
Pizzino, who boasts a large YouTube following, says newcomers are hoping for another massive price surge like the one Bitcoin experienced earlier. He thinks this is unlikely. He explains that the huge gains seen since the November 2022 lows (over 500%) are probably not going to be repeated. He predicts smaller gains from now on, compared to the past two years.
Potential Correction on the Horizon
Pizzino also sees a potential Bitcoin correction on the cards. If the current price resistance holds, he anticipates a significant drop, possibly down to around $87,000. However, he suggests this could be a temporary dip before another push towards six figures.
At the time of writing, Bitcoin is trading around $96,845, down slightly over the last 24 hours.
Disclaimer: This information is for general knowledge only and is not financial advice. Always do your own research before investing in cryptocurrencies./p>
