Cryptocurrency analyst Jason Pizzino, Bitcoin $95,058.7He made important statements about when (BTC) could break a new record. Pizzino stated that Bitcoin’s consolidation process below the record level of $ 108,200 could herald a strong upward movement in the cryptocurrency market. He also stated that this period where Bitcoin is below its record level may end within a week.
Bitcoin Approaches Target
According to Pizzino, Bitcoin is trading at $94,528, about 13% below its current level. The analyst said that Bitcoin consolidating at this level could pave the way for a greater rise for the cryptocurrency in the long term. This short-term decline may be a correction period that Bitcoin goes through before a potential rise.
Pizzino predicted that Bitcoin could begin to exceed the record level in the first quarter of 2025, especially around the time of the Presidential inauguration on January 20. This date may be the beginning of a new rising period for Bitcoin. The expert emphasized that Bitcoin’s future rise will begin soon and could break a record in less than half a year.
Consolidation Gives Bitcoin Strength
The analyst stated that Bitcoin’s current consolidation process could strengthen a potential bullish movement on the market. Reminding that Bitcoin’s movement below the record level of $ 108,200 did not exceed 13 days, Pizzino said that this period was sufficient. Such short-term consolidations in the cryptocurrency market usually occur before major increases.
While making his predictions about Bitcoin’s future movements, Pizzino also points out the importance of market dynamics. He stated that this consolidation process should be watched carefully for investors.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
