While fluctuations in crypto money markets continue, the popular analyst Jason Pizzino says that a strong rise for crypto beings and crypto beings is close. According to Pizzino, the tendency to rise in the US stock exchanges will also raise the crypto markets and the bull run, which investors expect, may begin soon.
Rally expectation for Bitcoin and Altcoins
Jason Pizzino, a popular crypto currency analyst, says that a large stock market rally is approaching to carry Bitcoin (BTC) and crypto assets up. In his latest video update, which he addressed to 348,000 YouTube subscribers, Pizzino said that the US stock markets are preparing for a new wave of rise and that it would positively affect the crypto markets.
If we look at the S&P 500… After testing the resistance several times, I will wait and see if we will move upward more hard and quickly. For now, I think we’re on the verge of another explosive movement. Nasdaq is very close to reaching the highest level of a new time. NASDAQ-100 (NDX) has already made a new summit.
There is similarity to previous price movements
Pizzino also stressed that the current market feeling is similar to the periods when the market approached the bottom levels of the past. Pizzino used the following statements:
If you are thinking of getting out of the market right now, if you get angry with the Altcoins or breast coins, if you are angry with yourself and say ‘I’m tired of it now’, we experienced similar feelings in September, August and July in 2023. In particular, September 2023 was a very challenging period. Crypto markets saw the bottom at that time and then began to rise. This situation repeats every time the prices experience an extreme decrease.
Stating that the existing structure in Bitcoin and stock markets is a model seen before each major bottom level, Pizzino said, “Bitcoin and crypto markets continue to decrease the feeling of investor. The capitulation process is experiencing and negative reactions to the subcoins are increasing. On the other hand, Europe and US stock markets make new summits, the US dollar weakens. This is very similar to the periods when Bitcoin reached its previous important bottom levels. Now it is only a matter of time, ”he summarized.
