Jason Pizzino, an expert operating in the cryptocurrency market, indicates that the current cycle is entering its final stages. He suggests that future returns may be limited following significant past increases. According to Pizzino, the market’s previous surges could hinder the potential for substantial future gains.
Expectations for Bitcoin
Pizzino highlights that Bitcoin $88,214 has seen over a 500% increase since its lows in November 2022. He cautions that further rises might fall short of expectations. It is unlikely that the Bitcoin price will significantly exceed the $100,000 mark.
Jason Pizzino: “It seems that most of the significant gains have already occurred. A 500% increase for Bitcoin has taken place, and I don’t foresee a similar rise moving forward.”
Evaluations of Ethereum and Sui
Regarding Ethereum $2,074, Pizzino notes that a potential rise of approximately 187% to 258% could be achievable under current market conditions. He comments that sustained resistance levels may inhibit substantial upward movements.
Jason Pizzino: “If Ethereum’s resistance remains around $4,000, I do not expect to see levels of $12,000, $15,000, or $20,000. We may have to settle for single-digit increases.”
Additionally, he mentions the potential for growth in the local token of the layer-1 blockchain, Sui. Pizzino expresses that SUI could rise over 190% from its current level.
Jason Pizzino: “Sui remains above previous peaks. Even if it experiences a downturn, recovery potential exists, and surpassing certain levels is possible.”
At the time of this writing, Bitcoin is trading around $98,912, Ethereum at $2,790, and SUI at approximately $2.95. These price levels align with the analyst’s predictions, closely monitored by market participants.
Although the views present uncertainties regarding market dynamics, Pizzino’s insights could be valuable for traders. They might consider his assessments while devising their future strategies and expectations.