- Analyst and trader Jason Pizzino forecasts a significant upward trajectory for Bitcoin, aiming for new all-time highs.
- Pizzino, addressing his 326,000 YouTube followers, suggests that the current Bitcoin market is merely pausing before a major rally.
- “I don’t think the cycle’s over by any stretch of the imagination, so I’m just going to look to the upside targets,” Pizzino explains.
Crypto expert Jason Pizzino predicts a bullish future for Bitcoin, projecting a potential rise to $135,000.
Bitcoin’s Consolidation Phase: Preparing for a Breakout
As Bitcoin hovers below the $69,000 resistance level, Pizzino believes it is consolidating strength for an upcoming surge. Utilizing tools like the Fibonacci extension, he identifies significant future price levels, suggesting a potential doubling from current prices.
Key Price Targets and Psychological Levels
Pizzino highlights several critical price milestones that Bitcoin might achieve in the next rally. “Obviously, $100,000 is going to be a number that everyone’s going to be looking at, a bit of a psychological level,” he states, indicating the potential for major market celebrations and increased public interest at such milestones.
Market Reactions and Future Projections
The trajectory to $135,000 is not just a number but a reflection of broader market sentiment and the culmination of several factors, including institutional adoption and retail investment flows. Pizzino also speculates on the market dynamics if Bitcoin reaches between $130,000 to $150,000, suggesting that this range could be pivotal for the next phase of the crypto cycle.
Conclusion
While the crypto market continues to evolve, Pizzino’s analysis provides a bullish outlook for Bitcoin, reinforcing the sentiment that the end of the current cycle is far from over. With key psychological levels in sight, the market remains watchful for the next big rally.
