CandleFocus ‘This Is How Bottoms Are Formed’ – Analyst Predicts Bitcoin Comeback, Says New BTC All-Time High Around the Corner
2024-09-15
Author: Content Editor
The article discusses the perspective of crypto strategist Jason Pizzino, who believes that Bitcoin is forming a bottom after a six-month correction. Pizzino points to the Fear and Greed Index, which has been oscillating between extreme fear and neutral, as an indicator that market exuberance and belief in the crypto bull cycle have been wiped out. He believes that Bitcoin will regain its bullish momentum as investors show increasing interest in risk assets like equities. Pizzino also predicts that Bitcoin will eventually reach new all-time high prices. Despite some investors giving up on Bitcoin, Pizzino sees this as a typical sign and remains optimistic about its future performance. Currently, Bitcoin is trading at $60,173.
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