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Bitcoin Price Prediction From Top Crypto Strategist 

Bitcoin Price Prediction From Top Crypto Strategist 
© Copyright Image: Coindoo

Popular crypto strategist Jason Pizzino says Bitcoin (BTC) may be nearing the final leg of its current bull market.

Projecting a potential top around the $130,000 mark but not without risks, Pizzino points to Bitcoins historical price patterns to outline a possible third major rally. According to him, BTCs recent moves suggest a repeatable trend that could push the asset to a fresh all-time high.

Weve seen two $60,000 moves, almost to the dollar, which is pretty incredible when you consider that this market has gone even more global, Pizzino said. If the next leg follows this pattern, Bitcoin could climb from its recent low toward $130,000.

Repeating Patterns for Bitcoin: $60K Increments

Pizzinos analysis draws attention to two key rallies:

  • From the November 2022 low at $15,000 to the April 2024 peak of $74,000 a $59,000 gain.
  • From the August 2024 dip to the most recent peak another near-identical $60,000 rise.

He notes that if Bitcoin is to continue the pattern, a third wave could launch from the current support zone and bring the asset to approximately $130,000.

Gains Shrinking as Market Matures

Despite the potential upside, Pizzino cautions that risk is rising, and profit margins are shrinking as Bitcoins market cap grows.

The game is becoming quite finite, he warned. From this price up, the returns are obviously getting slimmer You need a lot more money going into it to get to those prices.

For newer investors, Pizzino emphasized the importance of risk management, saying those entering the market now should be prepared with tight stop losses and realistic expectations.

If youve been in here for a while, maybe since 2020 or earlier, youre potentially up thousands of percent. But if youre entering now, the gains are limited unless youre very strategic.

Bitcoin is currently trading around $83,000, with market watchers closely monitoring whether this potential final rally will materialize or if BTC will consolidate further before a new cycle begins.

The post Bitcoin Price Prediction From Top Crypto Strategist  appeared first on Coindoo.

Read more: https://coindoo.com/bitcoin-price-prediction-from-top-crypto-strategist/

Text source: Coindoo

Disclaimer: Financial information and news are not financial advice, read the disclaimer.
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