Bitcoin
Bitcoin Poised for ‘Big Top Moves,’ Says Analyst Jason Pizzino – Here’s the Timeline
A popular cryptocurrency analyst believes that Bitcoin (BTC) is gearing up for “big top moves.”
On a new YouTube videoJason Pizzino tells his 331,000 subscribers that he believes the higher volume and higher closes on the daily chart indicate that $53,500 was Bitcoin’s low.
The analyst believes that the leading crypto asset could “go parabolic” for the next 4 to 6 quarters.
“In this cycle so far, we’ve seen two red quarters, so there could be another red quarter coming for Bitcoin, maybe two. Just looking at these last few data points, and on the other hand, it doesn’t mean we have to have any more significant red quarters. There may be one, there may not be any. So after these point breakouts leading into this Q4 of 2024 and then into 2025, I think we’re ready for some big, big moves, dare I say big explosive top moves.”
In technical analysis, an explosive top is a chart pattern that shows a sudden rise in price, followed by a sharp decline.
BTC is trading at $64,600 at the time of writing. The top-ranked crypto asset by market cap is down more than 0.5% in the past 24 hours but is up more than 12% in the past week.
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