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A widely followed crypto analyst is revealing how high he expects Bitcoin (BTC) to run during the current bull market.
In a new video update, crypto strategist Jason Pizzino tells his 348,000 YouTube subscribers that the top crypto asset by market cap could hit a price tag of $136,000 by the start of next year.
According to Pizzino, a right-translated cycle – or a market cycle where prices tend to peak later rather than earlier – is now guaranteed for Bitcoin.
“A little more hopium for the price targets themselves – we are in the right side of the cycle, the right translated cycle is guaranteed now so the top could be in.
But we’ve guaranteed a right translated cycle for BTC after all of the fear 12 months ago that it was going to be a left translated cycle, March having a top and then the price coming back down. So we’re in the right, things are looking relatively rosy and healthy. Now for a bit of a price projection to the upside…
We’re just looking at this as a bit of a road map into around $136,000. Of course, along the way, it’s not going to go straight to $136,000.
I’m looking at multiple shorter-term price targets using the same strategy so just projecting those ranges forward to identify if there’s any short-term resistance levels.”
Pizzino notes that a major resistance zone for the flagship digital asset likely resides around the $120,000 price tag as it is a key psychological level.
Bitcoin is trading for $95,805 at time of writing, a fractional decrease on the day.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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