Here’s When Bitcoin (BTC) Can Realistically Record a New All-Time High, According Crypto Analyst Jason Pizzino

Popular crypto analyst Jason Pizzino is unveiling a realistic timeframe for when Bitcoin (BTC) can surge to a new all-time high.

In a new strategy session, Pizzino tells his 259,000 YouTube subscribers that while Bitcoin is going through a solid bounce from its 90-day low of $32,990, he sees a lot of resistance ahead for the flagship cryptocurrency.

“That’s our major level, as well – $36,000 is the game where it seems like a lot of the whales are playing between those levels: $36,000 and currently the $38,000, getting rejected. So if we get above the $38,000 or this top here around $39,000, there’s a lot of resistance above. There’s pretty much every single thousand dollar level now on the way up, there’s going to be some sort of support and resistance.

You can see the major low here that was on the 10th of January, so basically just for this turning point, that low came in at about $40,000. Then you can look a little further up. You’ve got $42,000, and then you have the tops at $44,000. So, it’s going to be a difficult game getting out of these lows.”

In the short to medium term, Pizzino believes that Bitcoin will likely enter an accumulation period where whales and smart money investors load up on BTC in anticipation of the next leg up. According to the crypto strategist, the accumulation period can sometimes take a year or more.

As Bitcoin faces heavy resistances with the possibility of entering a long consolidation period, Pizzino predicts when BTC could realistically print a new all-time high.

“I don’t think we’re going to see new all-time highs this first half of the year. Maybe late in the second half of this year, but we have a lot of climbing to do.”  

I

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines
 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Maquette.pro/mim.girl

Source: https://dailyhodl.com/2022/02/01/heres-when-bitcoin-btc-can-realistically-record-a-new-all-time-high-according-crypto-analyst-jason-pizzino/