Crypto Analyst and Trader Jason Pizzino may have approached the end of the current cycle of the crypto market. Pizzino emphasized that investors should be more cautious at this stage, while Bitcoin (BTC) shared remarkable price targets for Bitcoin, Ethereum (ETH) and SUİ (SUI).
The rise in Bitcoin may be limited
Pizzino reminds us that Bitcoin gained 500 %of the bottom level in November 2022. Following this major increase, Bitcoin thinks that the potential of promotion is limited in the coming period. According to the analyst, Bitcoin is very likely to reach $ 100,000 to $ 500,000.
Bitcoin is currently trading for $ 98.912. Pizzino states that an increase of 500 %of these levels is not very realistic and therefore adopts a more conservative approach. It recommends that investors focus on smaller earnings opportunities.
Crypto Market: Targets in Ethereum more modest
For Ethereum, Pizzino predicts that the price can peak between $ 8,000 and $ 10,000. However, it also adds that it may require chance to reach this level. Ethereum’s $ 4,000 resistance level is not exceeded for a long time, he says higher targets are a remote probability.
Ethereum is currently trading for $ 2,790. Analyst says that levels of 12,000 or $ 20,000 are no longer possible, but the price still has the potential to increase by 187 to 258 %.
The potential for sui (water) is higher
Sui is another crypto asset that Pizzino draws attention to. The analyst predicts that SUİ may rise from the current $ 2.95 dollar price to 190 %. He says he has managed to stay above Sui’s previous peaks and that this is a strong signal of recovery. Analyst thinks that SUİ can reach $ 10 and this may mean a gain of up to 500 %. In the more optimistic scenario, he says he can reach 12 dollars. These prices can offer a significant rise opportunity for investors.
Pizzino’s analysis aims to help investors better understand the current cycle and regulate their strategies accordingly. To be cautious and to make purchase and sale at the right levels becomes more important in this period.
