Jason Pizzino, a well-known cryptocurrency analyst and trader, has recently made a bold prediction about the future of Bitcoin. According to Pizzino, Bitcoin is set to surge by more than 75% after surpassing a crucial level. In this article, we will take a closer look at Pizzino’s prediction and provide a timeline for when this surge is expected to occur.
First, let’s take a look at the current state of Bitcoin. As of August 2021, Bitcoin is trading at around $45,000 per coin. While this is a significant increase from its price just a year ago, it is still far below its all-time high of nearly $65,000 in April 2021. Many investors and traders are wondering when Bitcoin will reach new highs and what factors will contribute to its growth.
According to Pizzino, the key to Bitcoin’s future growth lies in its ability to surpass a crucial level known as the “200-day moving average.” This is a technical indicator that measures the average price of Bitcoin over the past 200 days. When Bitcoin’s price is above this level, it is considered to be in an uptrend, while a price below this level indicates a downtrend.
Pizzino believes that if Bitcoin can break through its 200-day moving average, it will trigger a surge in demand from investors and traders. This surge in demand will push Bitcoin’s price up by more than 75%, potentially reaching new all-time highs.
So when can we expect this surge to occur? Pizzino has provided a timeline for when he believes Bitcoin will break through its 200-day moving average and begin its upward trajectory. According to Pizzino, Bitcoin is likely to break through this level in late September or early October 2021.
Of course, it’s important to note that no one can predict the future with complete accuracy. There are many factors that can influence the price of Bitcoin, including global economic conditions, regulatory changes, and investor sentiment. However, Pizzino’s prediction is based on his analysis of Bitcoin’s historical price movements and technical indicators, and he has a track record of accurately predicting market trends.
In conclusion, Jason Pizzino’s prediction that Bitcoin will surge by more than 75% after surpassing its 200-day moving average is certainly bold, but it is not without merit. If Bitcoin can break through this crucial level in late September or early October 2021, we may see a significant increase in demand for the cryptocurrency and a corresponding surge in its price. As always, investors and traders should do their own research and make informed decisions based on their own risk tolerance and investment goals.
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- Source: https://zephyrnet.com/bitcoin-to-explode-by-over-75-once-it-overcomes-critical-level-predicts-jason-pizzino-heres-the-timeline/