Crypto analyst Jason Pizzino predicts that a stock market rally is on the horizon, which will also push up the prices of Bitcoin and other cryptocurrencies. He observes that the S&P 500 is showing signs of potentially breaking its resistance levels, while NASDAQ is nearing new all-time highs. Pizzino points out that the current market sentiment resembles previous market bottoms before a reversal, suggesting that a similar scenario may be unfolding. He states that Bitcoin and equities have exhibited a similar structure during major local lows in BTC, and anticipates that it is only a matter of time before another rally occurs.
Imminent ‘Explosive’ Stock Market Breakout Likely To Boost Bitcoin and Crypto Markets: Jason Pizzino
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