Cryptocurrency analyst and trader Jason Pizzino outlines when Bitcoin (BTC) could rise and reach a new all-time high.
In a new video, Pizzino tells his 345,000 YouTube subscribers that Bitcoin is expected to stay below its record high of around $108,200 for more than a week, but not more than half a year.
According to Pizzino, the longer Bitcoin consolidates below the all-time high, the stronger the upward move that could follow.
“I I don’t think we’re about six months below that peak [of around $108,200]. What we expect is a longer period below the peak, no more than six months, but longer than what we have currently seen. And what we have seen currently is 13 days below that peak.”
The widely followed analyst says Bitcoin could start to break out below the current all-time high from the first weeks of the first quarter of 2025.
“So somewhere around this inauguration [of President-elect Donald Trump on January 20th, 2025]. So those might be some of the reasons why people are really excited about why this thing should go up from this point. You know Trump is there, and then…
