Widely followed analyst and trader Jason Pizzino crypto- draws a forward-looking roadmap for its existence.
bitcoin Beginning with (BTC), Pizzino tells 282,000 YouTube subscribers in a new video that it is unlikely that the leading crypto-asset will fall to its November 2022 low.
We may be macro bullish looking at the market continuing to rise, but there will be pullbacks. It just has to be pullbacks.
And the most important thing I’m trying to convey here is, where is this low going? Right now, from what we see in the indicators, it looks like we can expect a higher bottom…
NEWS CONTINUES BELOWIf the market dips anywhere above this previous level of $15,000 to $18,000, descends into the area and then moves away, the bears are definitely wrong because the market hasn’t crashed. This is actually a higher low.
Believing that Bitcoin will continue its uptrend when it reaches a higher low, Pizzino says that if the $15,000 BTC support level collapses, the bullish thesis will be invalid.
Koinfinans.com As we reported, Bitcoin is trading at $ 20,458 at the time of writing.
wither(SOL), the popular analyst says that Ethereum (ETH) is showing “weakness” after its rival failed to even come close to its August 2022 high of just under $50.
Looking at the analyst’s chart, he seems to think Solana is likely heading towards support around $12.50. At the time of this writing, SOL is worth $18.53.
cardano When it comes to (ADA), Pizzino says the seventh-largest crypto-asset by market cap looks “weak” just like Solana after failing to form a higher top than its August 2022 peak.
ADA has only managed to reach $0.40. It is currently at $0.30.
In January, other markets such as Bitcoin and ETH were making higher lows while making new lows. This is the difference between a weak long position and a strong long position.
At the time of writing, ADA is trading at $0.32.
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