Bitcoin Cycle Peak to come next year, says Crypto analyst Jason Pizzino – Here is his targets
The cryptocurrency analyst and merchant Jason Pizzino looks bruised on Bitcoin (BTC) in the short and medium term.
In a new strategy session, pizzino tell Its 351,000 YouTube subscribers according to which traditional assets such as actions and real estate are in the correction phase of the 18 -year -old property cycle popularized by the land economist Fred Harrison.
The theory indicates that the real estate market runs between a boom phase which lasts 14 years and a bust period which lasts four years.
According to Pizzino, Bitcoin could precede traditional assets to undergo a major market correction.
“I would not expect Bitcoin to peak at the same time as the stock market or even at the same time as real estate and the economy peaks. And if this peak is due around 2026 … let's call it the first half of 2026 …
… So, being a conservative, I would look for a bit of bitcoin before it happens. So, before the summit during the first half of 2026. If we are lucky, maybe this thing culminates in the first half, perhaps the one district. “”
According to the crypto analyst, Bitcoin is however ready to reach a new summit of all time before the main correction of the market occurs.
“If BTC is able to unravel this level [around $106,000]So my next target of course, you have the peaks here around $ 108,000 at $ 109,000 … but the 75% of our swing move [from around $74,000] Here, leads us to $ 111,000.
Now, if it will rehearse this 100%, it will lead you to $ 117,000 … “
Bitcoin is negotiated at $ 103,912 at the time of writing the editorial's moment, down almost 5% compared to the top of all time of just under $ 109,000 reached in January.
https://www.youtube.com/watch?v=tx740an0x7w
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