Crypto analyst Jason Pizzino, Bitcoin (BTC) 
$91,409 announced the level that the price could reach for the peak of the current market cycle. In his statement on his YouTube channel, Pizzino stated that Bitcoin could reach the peak of the cycle with a 33% increase from its current value.
Bitcoin Price Target
Pizzino predicts that Bitcoin could soon reach six figures by setting target price levels from the bottoms on monthly charts. He stated that the first oscillation reached 150% from the bottoms in November 2022 and the second oscillation points to the target of 122,000.
Based on past performance, Bitcoin could reach this target faster than the previous two major rallies, the analyst said. Stating that the first market movement lasted eight months and the second market took seven months, Pizzino suggested that this period could be shortened and the target could be achieved by December or January.
Market Clustering and Price Levels
Pizzino emphasized that price clusters where certain price levels meet in long-term time frames increase the probability of achieving this target. He stated that Bitcoin must first clear $90,000 and then surpass $100,000.
“Bitcoin price target is moving towards $122,000. This is because of these two swings… The first swing reached 150% from the bottoms in November 2022 and is now moving towards the 500% and 600% levels.”
According to Pizzino’s analysis, Bitcoin reaching the $122,000 target is supported by both technical analysis and market dynamics. For investors, this forecast can be an important reference point in evaluating market trends.
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.
