By Nermeen Nabil Khear 
Cryptocurrency analyst and trader Jason Pizzino is leaning bearish on Bitcoin (BTC).
In a new video, Pizzino tells his 345,000 YouTube subscribers that Bitcoin is “probably going to see further downside” and is likely to remain below the all-time high of around $108,200 for a long time.
According to Pizzino, the decisive support level for Bitcoin currently is at around $91,750.
“If it does break down from the 50%, and that’s at $91,750, then there’s a higher chance that we push to the mid $80,000s maybe even the low $80,000s, somewhere around $83,500 and $82,000-ish over the coming week or two.”
The widely followed cryptocurrency analyst says that if Bitcoin falls under $85,000, the correction could extend further.
“If anything breaks down, you start to see closes underneath $73,000, $74,000, which are those previous tops, that is a sign for concern. It’s not the end, but it is looking like a very weak market if that happens.”
Pizzino further says,
“Right now, we or Bitcoin is at that point now – you’re at 14 days [below the all-time high]. So this is the longest time Bitcoin has been underneath a top in this entire move after it broke out of the $74,000 top on election day [November 5th of 2024]…
…probably it’s going to take longer to recover from this move [From $108,200 to the current price], especially after the extreme bullishness we have seen. The good news is the reset is on, the reset is happening.”
Bitcoin is trading at $93,360 at time of writing.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Bitcoin Is Probably Going To See Further Downside, Warns Crypto Analyst Jason Pizzino – Here Are His Targets appeared first on The Daily Hodl.
Cryptocurrency analyst and trader Jason Pizzino is leaning bearish on Bitcoin (BTC). In a new video, Pizzino tells his 345,000 YouTube subscribers that Bitcoin is “probably going to see further downside” and is likely to remain below the all-time high of around $108,200 for a long time. According to Pizzino, the decisive support level for
The post Bitcoin Is Probably Going To See Further Downside, Warns Crypto Analyst Jason Pizzino – Here Are His Targets appeared first on The Daily Hodl. Bitcoin, BTC, News
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.