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Bitcoin price is lingering at $64,805 at the time of writing, and altcoins have not gained new profits. Overall, the altcoin rise has stalled, and the focus is on BTC closing above $65,000. So, what does popular crypto analyst Pizzino predict for the markets?
Cryptocurrencies 2025 Prediction
In his latest market assessment, Jason Pizzino mentioned that he expects more upward movement for the markets. The analyst believes that the BTC price is not yet at the desired levels, and considering the expected price catalysts for the coming months, he might not be wrong. In his latest video, the analyst talked about potential parabolic rises over the next 4-6 quarters (each quarter being 3 months).
“So far, we have seen two red quarters in this cycle, so another red quarter might come for Bitcoin, maybe two. Just looking at these last few data points does not necessarily mean we need to go through more significant red quarters. There could be one, but there might not be another. Therefore, from this point leading into Q4 2024 and then into 2025, I think we are ready for some big moves. The big boom might start soon.”
Bitcoin Commentary
Although the king of cryptocurrencies has convincingly rebounded from the bottom, it needs to sail to new highs without lingering at current levels. This situation will also mean the continuation of the rise for altcoins. In the last few months, due to fluctuations in the BTC price, we have seen losses exceeding 50% in altcoins. This means we need gains exceeding 100% for a comeback.
At the time of writing, the unemployment claims data came in above expectations. The above-expectation result is positive for cryptocurrencies, and other employment data being favorable for cryptocurrencies supports the markets.
As inflation decreases, the impact of MTGOX returns has weakened. Germany’s sales have ended, and the US is not making frequent sales for Silkroad, which the market can tolerate. As a result, the current setup indicates a continuation of the rise in cryptocurrencies in terms of news flow. Of course, the crypto world is full of surprises, and a sudden but significant last-minute development could quickly reverse things.
