Jason Pizzino, a well-known cryptocurrency analyst and trader, believes that Bitcoin (BTC) may reach its peak in the upcoming weeks.
During a recent strategy session, Pizzino shared with his 358,000 YouTube followers that historical trends suggest Bitcoin could achieve its cycle high in either October or November.
“In the previous cycle, November [2021] marked the peak. Before that, we saw December [2017] as a significant month. And prior to those events was November 30th [2013]…”
“Thus, it appears most of these peaks tend to occur in the fourth quarter.”
Pizzino asserts that Bitcoin still has considerable potential for growth this cycle since we haven’t experienced an explosive surge similar to what occurred in both 2021 and 2017.
Regarding his price predictions for Bitcoin, he suggests that it could soar up to $160,000 by year-end based on Fibonacci extension levels. These levels are derived from the Fibonacci sequence and help forecast possible future price points by extending beyond the standard 100% level.
“I’ve previously mentioned a target of $122,000… I anticipate Bitcoin will reach at least $122,000 by 2025 and potentially even $144,000. We’re still on our way toward achieving those figures…”
“Beyond mid-$130k range targets lies our aim towards hitting around $160k. Overall sentiment remains quite bullish.”
As of now, Bitcoin is trading at approximately $115,316.
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