Crypto analyst Jason Pizzino is of the opinion that the bull market has fully begun, despite the recent stagnation in Bitcoin price…
Jason Pizzino challenges market trends: Bitcoin is ready for the bull
In his current analysis, Pizzino says Bitcoin’s bull market cycle started to take shape in January and is still taking shape:
Just like previous cycles, this is the beginning of a bull market. Beginnings cannot always be clear. They cannot be open.
“Expect this level”
Pizzino later said, “When everything becomes clear, that’s when the cycle ends. That’s when individual investors come into play. Because everyone starts to see the same thing and wants to enter the market,” he continued. According to the analyst, the key $28,500 level will confirm the Bitcoin bull market cycle. Pizzino says the following at this point:
This market has spent almost no time below $25,000. I’m not saying it can’t spend more time, but we’ve had six months with weekly closes above this level. So far so good but the bulls aren’t there yet. They need to see at least a few closes to start above $26,550. I’m not trying to brag too much here.
The Bulls still have a lot of catching up to do. Once we are above the white line again at $28,500, I can start bragging. This is one of the key levels for Bitcoin to start consolidating above and attempt to break $32,000 by creating higher lows.
The Bitcoin bull market appears to be well into place after a series of cycles. According to Jason Pizzino, the market is still in its infancy and is quite promising for the future. Currently, Bitcoin is following a pattern consistent with the beginning of previous cycles.
This is an important time for investors as the bull market in Bitcoin begins to become evident. The analyst states that we are in the early stages of the bull market and there is still time for those to enter the market now.
However, Pizzino also urges Bitcoin investors to be careful
The crypto analyst emphasizes that Bitcoin price must surpass a critical level of $28,500. This level is an important threshold for Bitcoin to continue its upward trend. In the coming days, an important period begins for Bitcoin investors and followers. Pizzino notes that the bull market has only begun and investors should seize this opportunity. However, it is also of great importance to be careful during this period.
Meanwhile, BTC price remained flat on September 16. The leading crypto is trading in the $26,500 region at the time of writing.
Finally, the recommended strategy for Bitcoin investors is to closely follow the dynamics of the market. It is also to see if Bitcoin can break through critical levels. Pizzino emphasizes that investors should monitor Bitcoin’s potential and wait for the right time. As reported by Kriptokoin.com, other analysts also draw attention to the resistance area in the $ 27,500 region.
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