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Bitcoin Forecast: Crypto Analyst Expects Six-Digit Values - According to Jason Pizzino
In this article, find out a well-known crypto analyst's latest assessment of Bitcoin's further development in the current bull market. The analyst reviews various price targets and explains that Bitcoin could potentially rise to six figures. Read on to learn more about Bitcoin's potential prices and possible impact on altcoins.
Bitcoin Forecast: Crypto Analyst Expects Six-Digit Values - According to Jason Pizzino
A renowned crypto analyst has updated his forecast for Bitcoin's further course in the current bull market. In a new video update, Jason Pizzino, a cryptocurrency strategist with 320,000 subscribers on YouTube, informs his viewers that he is closely monitoring whether Bitcoin hits key price targets that could lead to a value of six digits.
According to Pizzino, his next two targets are $78,500 and $81,000 based on technical analysis of the Bitcoin price chart. Should Bitcoin overcome these price limits, further targets at $87,000, $96,000 and $113,600 could be reached. The analyst believes that a rise in Bitcoin to the $78,000 level could prompt altcoins to make massive gains.
Currently, Bitcoin is trading at $69,369 at the time of publishing this article, down more than 1% in the last 24 hours.
Pizzino's detailed overview of Bitcoin's possible price targets has been published in a chart. The table shows various price levels at which Bitcoin could consolidate and find support to reach further highs.
Pizzino's current forecast is based on technical indicators and historical data of Bitcoin price movement. However, it is important to note that these forecasts are not guaranteed and the market can change at any time.
Bitcoin has already experienced notable ups and downs in the past. In 2020, the price of Bitcoin reached an all-time high of almost $29,000 after falling to around $3,800 in March of the same year due to the global impact of the COVID-19 pandemic. This volatility is a common feature of the crypto market.
It remains to be seen whether Bitcoin will achieve its forecast price targets and whether this will impact the performance of altcoins. Investors should be aware that cryptocurrency investments involve high risks and they should conduct thorough research before deciding to invest in Bitcoin or other digital assets.
| Price targets | Forecasted prices |
|---|---|
| $72,500 | – |
| $74,000 | – |
| $78,500 | $78,400 |
| $81,000 | – |
| $87,000 | – |
| $96,000 | – |
| $113,600 | – |
Please note that this is not investment advice and investing in cryptocurrencies always involves risks. Investors should conduct their own due diligence and, if necessary, seek professional advice before making any investment decisions.