Crypto analyst Jason Pizzino says despite the recent price stagnation of the leading crypto asset Bitcoin (BTC) says the bull market continues.
In a new strategy session, Pizzino tells his 290,000 YouTube subscribers that he believes BTC’s bull market cycle began to form around January and continues to take shape.
“This is the beginning of a bull market, just like the previous cycle and the cycle before that. Beginnings are not always clear. They can’t be that clear.
When everything becomes clear, that’s the end. That’s when retailing begins. “That’s when everyone gets excited to enter the market because everyone sees the same thing.”
According to Trader, crypto- If the asset breaks the $28,500 level, it will confirm the bull market cycle more convincingly.
“This market has spent almost no time below $25,000. I’m not saying it can’t spend more time, but it’s been above these weekly closing levels for six months. So far so good, but the bulls aren’t there yet. They need to see at least some closes starting above $26,550. So I’m not trying to get too hopeful here.
The Bulls still have a lot to do. Once we get back above the white line, at $28,500, I might start to rejoice. “This is one of the key levels for Bitcoin to start consolidating above and then put these sustained higher lows to try to break $32,000.”
Bitcoin is trading at $26,642 at press time, up 0.4% in the last 24 hours.