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.
Generated Image: Midjourney
