Get insights from analyst Jason Pizzino as he predicts a double-digit surge for Bitcoin (BTC) after breaking through a crucial barrier area. Explore the potential for significant gains in the cryptocurrency market.
Bitcoin (BTC) might increase by double-digit percentage points, according to cryptocurrency analyst Jason Pizzino, after it breaks through a crucial barrier area.
Pizzino claims that Bitcoin is encountering significant resistance between the $28,000 and $32,000 level in an interview on the David Lin Report.
When it breaks through the main resistance zone, the flagship cryptocurrency asset, according to Pizzino, could increase in value by around 80% from its current level. Therefore, the range between $28,500 and $32,000 will be a crucial one for Bitcoin to cross. When that happens, I predict you’ll start noticing fewer bears and more bulls.
Next level – Bitcoin
People are expressing their opinion that this should go even lower, and they are forecasting that new cycle lows will be achieved. As soon as we hit this significant threshold here, between $28,000 and $32,000, that number will begin to gradually fall. As soon as it advances beyond this stage, there will be absolutely nothing left for them to do. After that, they will have their sights set on the following level, which is $48,000. There are naturally also the record highs to consider.
The cost of one bitcoin is currently sitting at $26,798 as of the time of this writing. The cryptocurrency researcher believes that a gradual and steady increase in the price of Bitcoin over a period of time, as opposed to a sudden and significant increase, would result in a rally that would last significantly longer.
Because the price of Bitcoin is less volatile at lower levels, it is in everyone’s best interest for us to continue climbing ever-so-slightly higher in these baby steps. Therefore, rather than the big FOMO pump that we get in these patterns (which stands for fear of missing out), we get this magnificent stair-stepping surge up. FOMO is an acronym that stands for fear of missing out. It is impossible to maintain these conditions.