A widely followed crypto analyst and trader is predicting Bitcoin’s (BTC) potential path forward over the near term.
Analyst Jason Pizzino tells his 282,000 YouTube subscribers that while he is bullish on Bitcoin over the long term, the flagship crypto asset could fall by around 15% from current levels to below $19,000 in the short term.
“On a little longer term than the hourly chart, on the daily chart, we have $21,500, we have $20,500 [support levels] and probably worst case scenario around the mid-$18,000. So these to me are pretty good buying opportunities under $22,000…
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Overall for the macrostructure nothing has changed here. Still long-term macro bullish. Yes, the short term could be bearish but that’s what happens throughout a macro picture.”
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