Jason Pizzino Announces Rally Targets for Bitcoin: These Levels Are Possible!

Jason Pizzino, a well-known analyst in the cryptocurrency world, believes that Bitcoin (BTC) has tremendous potential and is poised for a significant rally towards its historical highs. According to Pizzino’s analysis, the Bitcoin bull market, although it seems to have calmed down a bit lately, is actually progressing with a strong momentum. There is currently consolidation below the resistance level near $69,000, which could be a sign of a big price increase, according to Pizzino.

Pizzino thinks it’s only a matter of time before Bitcoin breaks out from current levels to gain nearly 100%. According to him, Bitcoin, which overcomes this consolidation period, can reach much higher price levels and provide significant profits to investors.

Pizzino sets major BTC price targets using the Fibonacci extension tool. The Fibonacci extension tool helps predict potential future price levels using data from past price movements. In this way, Pizzino offers investors a clearer view of Bitcoin’s possible price movements.

“I don’t think the cycle is over any way we look at it, so I’ll just look at the upside targets.

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And the first target here is $135,000. We’ll just use some easy round numbers here. Now, if this particular move is done twice [3.000 dolardan 68.000 dolara], so for quick math let that range be around $65,000. So if you just get $65,000 on top, that’s about $135,000.”

At the time of writing, Bitcoin is trading at $67,025, up 1.13% in the last 24 hours.

The widely followed analyst says there are other “interesting” price levels for Bitcoin to watch out for before it potentially doubles from its current point.

“Obviously, $100,000 will be a number that everyone will look at, partly on a psychological level. There will probably be big batches of ‘up to $100,000 in Bitcoin’ there.

And the next two: the other two are between $115,000 and $120,000, but I’m interested in $130,000 to $150,000 here now. What will happen to Bitcoin during that period? And on top of that, what happens if we get other types of rises and corrections?…

“That will be the next big interesting point in predicting these price targets for the end of the cycle.”

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Writer Şerife Pek Doğru about :

I entered the crypto industry with the investment I made in 2019. In the same year, I started writing about blockchain technology and currently work as a writer at KoinFinans. Legal regulations regarding cryptocurrencies are one of the topics I follow.