Crypto Analyst Predicts Market is Gearing Up For a Bull Run

Crypto News
Crypto News

18 Sep 2023 6:12 AM

Crypto analyst Jason Pizzino has suggested that the cryptocurrency market is on the cusp of a bull run....

  • Crypto analyst Jason Pizzino believes the cryptocurrency market is on the verge of a bull run.
  • Pizzino compares the current market strength and growth potential to previous cycles.
  • He states that once the market becomes clear and retail investors join in, it signifies the end of the early stages of a bull market.
  • Pizzino suggests that Bitcoin needs to surpass the crucial $28,500 level to confirm the bull market cycle.
  • He emphasizes the importance of consistent weekly closes above $26,550 for further momentum.
  • As of now, Bitcoin is trading at around $26,600, showing a 3 percent increase over the past seven days.
  • Crypto market participants are awaiting the Federal Reserve's decision on benchmark interest rates, which is expected to remain unchanged.
  • Traders have different scenarios, with one looking for a dip to $26,100 and a bounce, while another is waiting for a reclaim of $26,600 highs to trigger a long position.

The sentiment of the article is generally positive, with the analyst suggesting a potential bull market and Bitcoin's positive performance over the past week.

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You May Ask

According to Jason Pizzino, what signifies the end of the early stages of a bull market?What level does Bitcoin need to surpass to confirm the bull market cycle, according to Pizzino?What is the current trading price of Bitcoin and its percentage increase over the past seven days?What event are crypto market participants eagerly awaiting, and what is the expected outcome?What are the two potential scenarios highlighted by Crypto Tony for Bitcoin's price movement?

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