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Crypto analyst Jason Pizzino has revealed the potential peak level Bitcoin (BTC) 
$108,838 could reach in the current market cycle. In a statement on his YouTube channel, Pizzino indicated that Bitcoin could rise 33% from its current value to hit the cycle’s peak.
Bitcoin Price Target
Pizzino predicts Bitcoin may soon reach six-figure prices by identifying target price levels based on monthly chart lows. He noted that the first swing from the lows in November 2022 reached 150%, with the second swing indicating a target of $122,000.
The analyst suggested that Bitcoin could reach this target faster than during the previous two significant rallies. He pointed out that the first market movement lasted eight months, while the second lasted seven months, suggesting the current timeframe could shorten, potentially realizing the target by December or January.
Market Clustering and Price Levels
Pizzino emphasized that certain price clusters in long-term timeframes enhance the likelihood of achieving this target. He stated that Bitcoin must first cleanly surpass the $90,000 mark before moving past the $100,000 level.
“Bitcoin’s price target is progressing toward $122,000. This is due to these two swings… The first swing reached 150% from the November 2022 lows and is now heading toward 500% and 600% levels.”
According to Pizzino’s analysis, Bitcoin reaching the $122,000 target is supported by both technical analysis and market dynamics. This forecast may serve as an important reference point for evaluating market trends.
