Crypto analyst Jason Pizzino Bitcoin Predicts when (BTC) may hit a new all-time high (ATH).
In a new strategy session, Pizzino tells his 290,000 YouTube subscribers that late next year BTC could begin a bull market cycle, pushing the king crypto beyond its current ATH of around $69,000.
“We still have some time before we start breaking new all-time highs, which for BTC at least we’re probably looking at until late 2024. We can probably say early 2025. “But that’s probably what we’ve said over and over again in the second half of 2024.”
The trader also says he is closely monitoring Bitcoin’s price movement relative to several key levels in the short term to identify the bottom of the market cycle.
“Now, short-term stuff. Bitcoin needs to rally above $27,300 because this is the 50% level of the recent rally. This is the short-term target for the bulls to at least consolidate to retest $28,400.
If BTC fails to rally above this level and consolidate, it will likely trigger another move to the downside to retest $26,000. A break of $26,000 is likely a test of $24,900, and our main 50% level here is $23,600.
Therefore, keep these next few targets in mind, especially if BTC fails to rally above $27,300. This is the number you need to keep in mind. Still a few levels away. Let’s keep this in mind as BTC continues to test these short-term timeframes.”
Koinfinans.com As we reported, Bitcoin is trading at $26,823 at the time of writing this news.