Bitcoin Price Prediction: Analyst Forecasts $136,000 by Next Year
A well-known crypto analyst has shared his bullish prediction for Bitcoin (BTC) in the current bull market. Jason Pizzino, a popular figure in the crypto community with over 348,000 subscribers on YouTube, believes that the leading cryptocurrency could reach a price of $136,000 by the beginning of next year.
Pizzino highlights the concept of a right-translated cycle for Bitcoin, indicating that prices are expected to peak later rather than earlier in this market cycle. This positive outlook comes after concerns about a left-translated cycle, where prices peak early and decline, were prevalent 12 months ago.
“We’re in the right side of the cycle, the right translated cycle is guaranteed now so the top could be in. Things are looking relatively rosy and healthy. Now for a bit of a price projection to the upside… We’re just looking at this as a bit of a road map into around $136,000,” Pizzino explains in his video update.
While acknowledging that Bitcoin’s price won’t climb straight to $136,000, Pizzino identifies a major resistance level around $120,000, which he considers a key psychological barrier for the cryptocurrency.
As of the time of writing, Bitcoin is trading at $95,805, showing a slight decrease for the day. Despite this, Pizzino remains optimistic about the potential for Bitcoin to continue its upward trajectory in the coming months.
For those interested in staying updated on Bitcoin’s price action and market movements, subscribing to email alerts can provide valuable insights. Additionally, following industry news and updates on platforms like Twitter, Facebook, and Telegram can help investors make informed decisions.
In conclusion, with Bitcoin’s price potential reaching new heights, investors and enthusiasts in the crypto space are eagerly anticipating the next stages of the bull market. As the market continues to evolve, staying informed and monitoring key price levels will be crucial for navigating the volatile landscape of digital assets.