Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Crypto Analyst Forecasts Bitcoin Breakout Before Year-End

Crypto Analyst Forecasts Bitcoin Breakout Before Year-End

Cryptodnes2024/07/06 09:31
By:Cryptodnes

Jason Pizzino, a prominent crypto strategist, anticipates Bitcoin (BTC) is currently consolidating in preparation for a significant rally by the year's end.

Pizzino suggests that while Bitcoin could dip to around $44,000, such corrections are historically followed by bullish trends.

Reflecting on past price behaviors, Pizzino speculates that the market’s emotional turmoil will subside, potentially paving the way for a swift rebound or gradual recovery to higher price levels.

Drawing parallels from historical monthly chart patterns, including those from 2016, he predicts a breakout could materialize within the next six months.

ПРОЧЕТИ ОЩЕ:
How Much Will Each Investor Get From the Bankrupt Crypto Exchange Mt. Gox?

“This consolidation phase, lasting several months, typically precedes upward momentum,” Pizzino remarked, highlighting patterns that indicate potential market movements ahead.



SHARE: SHARES
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!