{"id":33754,"date":"2022-06-02T16:38:59","date_gmt":"2022-06-02T16:38:59","guid":{"rendered":"https:\/\/harchi90.com\/crypto-analyst-jason-pizzino-says-bitcoin-could-explode-by-over-60-in-coming-months-but-theres-a-catch\/"},"modified":"2022-06-02T16:38:59","modified_gmt":"2022-06-02T16:38:59","slug":"crypto-analyst-jason-pizzino-says-bitcoin-could-explode-by-over-60-in-coming-months-but-theres-a-catch","status":"publish","type":"post","link":"https:\/\/harchi90.com\/crypto-analyst-jason-pizzino-says-bitcoin-could-explode-by-over-60-in-coming-months-but-theres-a-catch\/","title":{"rendered":"Crypto Analyst Jason Pizzino Says Bitcoin Could Explode by Over 60% in Coming Months – But There’s a Catch"},"content":{"rendered":"
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Popular trader and analyst Jason Pizzino is hopeful Bitcoin (BTC) could rally higher if the flagship crypto asset sustains the prevailing momentum.<\/p>\n

While warning it would involve \u201cmuch work,\u201d Pizzino tells his 267,000 YouTube subscribers that Bitcoin could surge by about 64% from the current price after overcoming key resistance levels.<\/p>\n

“If we can get above those levels, consolidate and continue to move higher with higher highs and higher lows … <\/em>the next key level is $ 48,000 and the $ 52,000 levels. <\/em><\/p>\n

But I think we’re getting too far ahead of ourselves to even contemplate getting to the high $ 40,000s or even low $ 50,000s at this point as there’s so much work to do for Bitcoin at these lower levels. “<\/em><\/p>\n

Bitcoin is trading for $ 31,621 at time of writing.<\/p>\n

The crypto analyst says that the first two resistance levels Bitcoin needs to overcome are $ 32,800 and $ 34,500, respectively.<\/p>\n

“The 50 [Fibonacci retracement level] which is just above that is $ 32,700. So for a round number above that $ 32,800. So that’s our first level: $ 32,800\u2026<\/em><\/p>\n

the next level is the most critical level. So $ 34,500\u2026 that’s our major 50 [Fibonacci retracement] level from the all-time high [of $69,044] to zero … <\/em>so far we have $ 32,800 and we have $ 34,500. “<\/em><\/p>\n

Pizzino says Bitcoin’s third resistance zone is located around the $ 38,000 price.<\/p>\n

\u201cIt’s about $ 37,500 and for a round number above that could say around $ 38,000. <\/em>So the three levels we’re looking at now: first one we need to overcome is around that $ 32,800. Then there is $ 34,500. Then we’d be looking to around the $ 38,000. “<\/em><\/p>\n

The crypto trader says Bitcoin would subsequently surge higher after consolidating above the $ 38,000 price.<\/p>\n

\u201cIf we can overcome all of these [resistance levels] sooner rather than later, then we start to climb back above those levels to consolidate above the $ 38,000 level and work our way higher. “<\/em><\/p>\n