BPOI Banner
Don’t Count on Bitcoin Correction Before Next Leg Up, According to Analyst Jason Pizzino – Here’s His Outlook Don’t Count on Bitcoin Correction Before Next Leg Up, According to Analyst Jason Pizzino – Here’s His Outlook

Don’t Count on Bitcoin Correction Before Next Leg Up, According to Analyst Jason Pizzino – Here’s His Outlook

Popular crypto analyst Jason Pizzino says traders shouldn’t necessarily expect Bitcoin (BTC) to witness a significant pullback before its next leg up.

In a new YouTube video, Pizzino tells his 335,000 subscribers that every time people expect a “final flush out” of weak hands before the BTC market explodes, Bitcoin tends to do the opposite.

Referencing Bitcoin’s past half-year climb to an all-time high this March, the analyst estimates that Bitcoin’s current upward move could also last six months in total. Since it started last month, Pizzino says that means BTC could top out in February.

In the past upward move that started around a year ago, the analyst notes that BTC shot up by around 200%.

“What if we do something crazy and just do half that amount from the low? Well, anyone can double $49,000 – you get to $98,000. Take it out to roughly the same time frame, $98,000 into February, that’s 26 weeks. That’s not a bad start, but if you are getting in later, your $80,000/$90,000 [range], if there is going to be a correction, that’s where things start to get pretty concerning for you, to put it lightly.”

Source: Jason Pizzino/YouTube

BTC is trading at $67,543 at time of writing. The top-ranked crypto asset by market cap is down nearly 2.5% in the past 24 hours.

 

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney



Source link

Daily Hodl Staff

https://dailyhodl.com/2024/10/22/dont-count-on-bitcoin-correction-before-next-leg-up-according-to-analyst-jason-pizzino-heres-his-outlook/

2024-10-22 20:00:39

bitcoin
Bitcoin (BTC) $ 93,352.01 1.00%
ethereum
Ethereum (ETH) $ 3,335.02 1.70%
tether
Tether (USDT) $ 0.998501 0.29%
xrp
XRP (XRP) $ 2.12 1.86%
bnb
BNB (BNB) $ 701.93 0.55%
solana
Solana (SOL) $ 189.68 1.71%
dogecoin
Dogecoin (DOGE) $ 0.315131 1.07%
usd-coin
USDC (USDC) $ 0.99992 0.43%
staked-ether
Lido Staked Ether (STETH) $ 3,332.28 1.66%
cardano
Cardano (ADA) $ 0.849063 1.79%
tron
TRON (TRX) $ 0.254685 0.04%
avalanche-2
Avalanche (AVAX) $ 35.44 1.76%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,968.36 0.91%
the-open-network
Toncoin (TON) $ 5.46 1.92%
chainlink
Chainlink (LINK) $ 19.92 4.09%
shiba-inu
Shiba Inu (SHIB) $ 0.000021 0.59%
sui
Sui (SUI) $ 4.13 3.53%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 93,126.95 0.81%
stellar
Stellar (XLM) $ 0.347312 3.90%
hedera-hashgraph
Hedera (HBAR) $ 0.267451 3.15%
polkadot
Polkadot (DOT) $ 6.61 2.17%
weth
WETH (WETH) $ 3,335.04 1.70%
bitcoin-cash
Bitcoin Cash (BCH) $ 433.60 2.53%
bitget-token
Bitget Token (BGB) $ 6.07 4.96%
pepe
Pepe (PEPE) $ 0.00002 1.77%
leo-token
LEO Token (LEO) $ 8.77 3.36%
uniswap
Uniswap (UNI) $ 13.16 2.17%
hyperliquid
Hyperliquid (HYPE) $ 23.71 10.12%
litecoin
Litecoin (LTC) $ 103.44 2.94%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,521.53 1.64%
ethena-usde
Ethena USDe (USDE) $ 0.997222 0.39%
near
NEAR Protocol (NEAR) $ 4.94 2.78%
usds
USDS (USDS) $ 1.00 0.52%
aptos
Aptos (APT) $ 8.62 3.32%
internet-computer
Internet Computer (ICP) $ 9.86 1.84%
aave
Aave (AAVE) $ 311.46 1.71%
mantle
Mantle (MNT) $ 1.28 2.49%
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 4.03 7.21%
crypto-com-chain
Cronos (CRO) $ 0.141205 1.51%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.451283 3.16%
ethereum-classic
Ethereum Classic (ETC) $ 24.90 2.27%
mantra-dao
MANTRA (OM) $ 3.84 7.25%
monero
Monero (XMR) $ 194.22 2.32%
whitebit
WhiteBIT Coin (WBT) $ 24.52 1.08%
vechain
VeChain (VET) $ 0.042971 2.07%
render-token
Render (RENDER) $ 6.72 2.59%
dai
Dai (DAI) $ 1.00 0.12%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.25 3.83%
bittensor
Bittensor (TAO) $ 443.13 1.00%
filecoin
Filecoin (FIL) $ 4.92 0.79%