Cryptocurrency analyst and trader Jason Pizzino is bearish on Bitcoin (BTC).
In a new video, Pizzino tells his 345,000 YouTube subscribers that Bitcoin is “likely to fall even further” and will likely stay below its all-time high of around $108,200 for a long time.
According to Pizzino, the key support level for Bitcoin is currently around $91,750.
“If it actually breaks below the 50% level, at $91,750, then there is a higher probability that we could go to the mid-$80,000s, maybe even the low-$80,000s in the next week or two. Dollars, somewhere around $83,500 and $82,000. ”
The widely followed cryptocurrency analyst says the correction could extend even further if Bitcoin falls below $85,000.
“If anything breaks through, you see closes below $73,000 and $74,000, which are the previous highs, that is a sign of concern. It’s not the end, but if that happens it looks like a very weak market.”
Pizzino continues:
“Right now we or Bitcoin are at this point – they are at 14 days [below the all-time high]. So this is the longest time Bitcoin has been below a high since…
