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
Imminent ‘Explosive’ Stock Market Breakout Likely To Boost Bitcoin and Crypto Markets: Jason Pizzino

Imminent ‘Explosive’ Stock Market Breakout Likely To Boost Bitcoin and Crypto Markets: Jason Pizzino

Daily HodlDaily Hodl2025/02/18 16:00
By:by Mehron Rokhy

A closely followed crypto analyst says that a big stock market rally that will boost Bitcoin ( BTC ) and digital assets appears to be just over the horizon.

In a new video update, Jason Pizzino tells his 348,000 YouTube subscribers that US stock markets look to be gearing up for another rally that will push Bitcoin and crypto assets up as well.

“In terms of the SP 500… I’m waiting and seeing whether we do start to push harder and faster above [its] resistance and it really has hit its head on this resistance multiple times, and I’m getting prepared for another explosive move to the upside…

NASDAQ is getting very close to another new all-time high [and the] NDX (Nasdaq-100) hit a new all-time high.”

Pizzino goes on to note that current market sentiment feels the same as it was during other market bottoms before they eventually reversed course.

“If you’re sort of getting out of the market here or capitulating or getting annoyed with altcoins and memecoins and all that sort of stuff, sort of hating on yourself and just saying ‘screw it, I’m I’m done,’ it’s the same sort of feeling that happened in September of last year, that happened in August, that happened in July…

September 2023 was a pretty difficult time. [The crypto markets then] hit that low and then started to grind higher from there. It happens every time we get a little bit too blown up in price.”

Pizzino also says that the current structure in Bitcoin and equities has occurred during each major local low for BTC.

“Bitcoin and crypto market sentiment continues to drop, capitulation is occurring and anger towards altcoin sectors rises. Meanwhile, stock markets are printing new all-time highs in Europe, the US markets are strong and the US dollar is falling. This is similar to what we saw around each significant BTC low. It’s only a matter of time…”

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

Check Price Action

Follow us on X , Facebook and Telegram

Surf The Daily Hodl Mix

Generated Image: DALLE3

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: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!