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Crypto expert Jason Pizzino made significant comments about when Bitcoin (BTC) 
$104,854 might set a new record. Pizzino suggested that Bitcoin’s current consolidation phase below the $108,200 record level could herald a strong upward movement in the cryptocurrency market. He also indicated that this period may conclude within a week.
Bitcoin Approaches Target
According to Pizzino, Bitcoin is currently trading at approximately $94,528, which is about 13% below its peak. The analyst noted that this consolidation at the current level could lay the groundwork for a significant long-term rise in cryptocurrencies. He proposed that this temporary decline might represent a correction phase before Bitcoin embarks on a potential upward trajectory.
Pizzino anticipates that Bitcoin could begin surpassing record levels in the first quarter of 2025, particularly around the Presidential inauguration period on January 20. This date could mark the beginning of a new bullish phase for Bitcoin. The expert emphasized that Bitcoin’s future increases could commence soon, potentially breaking records in less than six months.
Consolidation Strengthens Bitcoin
The analyst stated that Bitcoin’s current consolidation process might fortify a potential upward movement in the market. Pizzino reminded that the price movement below the $108,200 record has not exceeded 13 days, deeming this duration sufficient. Such short-term consolidations usually precede significant upward trends in the cryptocurrency market.
Additionally, while making predictions about Bitcoin’s future movements, Pizzino highlighted the importance of market dynamics. He stressed that investors should closely monitor this consolidation phase.
