Bitcoin is gearing up for a major boom: the rise could continue until 2026!
Popular crypto analyst Jason Pizzino has stated that Bitcoin (BTC) is gearing up for a major boom.
In a post to his 330 thousand YouTube followers, Pizzino highlighted the potential in Bitcoin’s price. He emphasized that $53,300 could be seen as the bottom of this bullish trend, noting the increased volume over the past week.
The analyst believes that Bitcoin will enter a parabolic upward phase over the next 4-5 quarters, suggesting that a consolidation phase could continue for at most 2 quarters. According to his forecast, after a potentially dull period lasting a few months, Bitcoin could break out and continue its upward trajectory until 2026.
“In this cycle, we have seen two red quarters so far for Bitcoin, indicating there could be one, maybe two more red quarters to come. However, looking solely at these recent data points doesn’t necessarily imply that more red quarters are inevitable. It’s possible we could have one, or we might not. Therefore, as we move towards the fourth quarter of 2024 and into 2025, I believe we are poised for some significant, major moves after these breakthroughs, or I can even say major moves.”
Note: This is not investment advice
