Crypto Expert Shares Good News About Bitcoin
Popular crypto expert Jason Pizzino shared exciting news with his 290,000 YouTube followers: He believes Bitcoin has moved past its lowest point, which was $15,000 last November.
Bitcoin, a well-known digital money, might be showing signs of getting stronger. Pizzino points out its price increased to about $31,000 this year, suggesting a positive trend is starting. Even if the price isn't stable right now, he's optimistic.
"The current cycle is going smoothly," says Pizzino. "The first phase of the bull market is here, though some people are still worried about a big drop in price. We might be seeing a disbelief rally, where prices rise, and yet, people remain doubtful."
Pizzino is hopeful about Bitcoin for the long term but also warns there might be a few bumps in the road ahead. Bitcoin might face some drops in price like it did in past years before hitting a truly strong market period.
"We might see a drop in October, then a rebound, potentially going back to lower monthly bottoms around $24,000," he explains. "If that happens, it will follow patterns we saw in 2015 and 2020."
In simpler words, though some ups and downs are expected, Pizzino spots potential for growth in Bitcoin in the coming months, possibly stretching into early 2024. His insights shine a light on the hopeful journey ahead for this digital currency.
