Bitcoin Fireworks Incoming? Analyst Predicts Huge Price Surge This Year
The Daily Hodlβ€’1 week agoβ€’
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Bitcoin Fireworks Incoming? Analyst Predicts Huge Price Surge This Year

Bitcoin
BTC
Crypto
PricePrediction
TechnicalAnalysis

Summary:

  • Crypto strategist Jason Pizzino predicts a major Bitcoin (BTC) price surge later this year.

  • He draws parallels to the cryptocurrency's price action in 2023, where Bitcoin consolidated for six months before surging 3X.

  • Pizzino suggests that Bitcoin could enter a breakout phase by the end of Q3, with the potential for a strong rally in Q4.

  • He also believes the upcoming US presidential election could act as a catalyst for a Bitcoin breakout, similar to what happened in 2020.

  • Pizzino believes Bitcoin could test its all-time high before a major surge.

Bitcoin Could Mirror 2023 Price Action, Analyst Says

Crypto strategist Jason Pizzino is predicting a major Bitcoin (BTC) price surge later this year, drawing parallels to the cryptocurrency's price action in 2023.

According to Pizzino, Bitcoin's current consolidation phase resembles the sideways price movement seen in the months leading up to a 3X surge in 2023. He suggests that Bitcoin could enter a breakout phase by the end of Q3, with the potential for a strong rally in Q4.

Election Impact & Historical Pattern

Pizzino also points to the upcoming US presidential election as a potential catalyst for a Bitcoin breakout. In 2020, Bitcoin saw a significant breakout in November, the month of the presidential election.

He believes this historical pattern could repeat itself, potentially leading to a test of Bitcoin's all-time high before a major surge.

Key Takeaways

  • Bitcoin's consolidation is similar to the pattern that preceded a 3X surge in 2023
  • Pizzino expects Bitcoin to breakout in Q3 and potentially pump in Q4
  • The upcoming US presidential election could fuel a significant Bitcoin rally

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