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COINTURK NEWS > Cryptocurrency News > Bitcoin’s Bull Market Cycle: Analyst Jason Pizzino Shares Key Price Targets
Cryptocurrency News

Bitcoin’s Bull Market Cycle: Analyst Jason Pizzino Shares Key Price Targets

In Brief

  • Crypto analyst Jason Pizzino discusses Bitcoin's potential trajectory.

  • He outlines key price targets that could propel Bitcoin to six figures.

  • Pizzino's analysis suggests unlocking higher targets if support is found.

COINTURK NEWS
COINTURK NEWS 1 year ago
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Bitcoin (BTC) is in the midst of an ongoing bull market cycle, and renowned crypto analyst Jason Pizzino has shared his latest views on the largest cryptocurrency’s potential trajectory. With a large following on YouTube, Pizzino focused on fundamental price targets that could take Bitcoin to six-figure levels in his latest analysis. In his most recent video update, he examined critical levels to watch and the potential implications of surpassing these levels for altcoins.

Contents
Bitcoin’s Critical Price Levels HighlightedPointing to That Level for Altcoins

Bitcoin’s Critical Price Levels Highlighted

Jason Pizzino outlined a series of price targets for Bitcoin, starting at $72,500 and extending up to $78,500, emphasizing the significance of surpassing the all-time high of $73,750. Utilizing technical analysis tools like the Fibonacci extension tool on the weekly price chart, Pizzino identified potential levels based on past price movements.

The analyst pointed to $78,400 as a significant threshold and noted that the $81,000 level represents the entire movement from the previous bull market’s bottom of $3,000 to the peak of $69,000. According to Pizzino’s analysis, if Bitcoin manages to find support above $82,000, it could unlock further upward targets, including $87,000, $96,000, and an ambitious $113,600.

Pointing to That Level for Altcoins

Pizzino stressed the importance of Bitcoin consolidating above key levels to maintain upward momentum and potentially trigger significant gains in altcoins. The analyst suggested that a rise towards the $78,000 level could initiate an altcoin season and lead to significant market-wide movements beyond Bitcoin.

While Bitcoin has seen a slight increase of just over 1% in the last 24 hours, trading above $70,000, Pizzino remains optimistic about the largest cryptocurrency‘s potential for further growth. He indicates that Bitcoin’s ability to break through critical resistance levels will determine its trajectory in the short and medium term. The analyst emphasizes the need for investors to be cautious and patient, highlighting the potential for high volatility as Bitcoin navigates key price levels.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 29 March, 2024 - 11:25 am 29 March, 2024 - 11:25 am
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