Crypto analyst and trader Jason Pigino outlines when Bitcoin (BTC) could rise and hit new all-time highs.
In a new video, Pizzino say Bitcoin is likely to remain below its all-time high of around $108,200 for more than a week, but likely not for more than six months, according to 345,000 YouTube subscribers.
Pizzino said the longer Bitcoin falls below its all-time high, the stronger the subsequent bull market could be.
“I Don't think we have like 6 months under that top [of around $108,200]. Our prediction is that the term at the top will be less than six months, but longer than it currently is. And what we currently see is 13 days under that top. ”
A widely followed analyst says Bitcoin could start to break below its current highs from the first few weeks of Q1 2025.
“So, somewhere around that inauguration [of President-elect Donald Trump on January 20th, 2025]. That might be part of the reason why people are really excited about why this thing goes up from there. You know Trump is going to come out, and then they start getting a little excited, and the cycle washes out and repeats itself, and you get a nice upswing.
If so, it would be a good move or at least you'll be spending quite a bit of time under this top [of $108,200] Especially since we hit a new all-time high…
Basically, we're talking about some kind of low followed by a possible breakout to a new high, which could come in late January or February. That's the big thing I'm looking at in Q1 [of 2025]”
At the time of writing, Bitcoin is trading at $94,528, about 13% below its all-time high.
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