Bitcoin analyst claims new all-time high is coming
Crypto markets have faced a turbulent last year, with major cryptocurrencies like Bitcoin and Ethereum dropping significantly from their all -time highs. However, according to YouTube crypto analyst Jason Pizzino, there are signs the markets may be bottoming out and are positioning for a potential recovery in 2023-2024. In his latest video Analysis published on Oct. 13th, Pizzino points to the S&P 500 stock market index as a precursor to trends in crypto markets. He notes the S&P 500 has formed higher lows in August and October of this year, suggesting a bottoming pattern after the bear market of 2022. This is all part of the preparation for the Bitcoin cycle because as the S&P continues to climb and hit new all -time highs, that leads more investors into more speculative assets like Bitcoin and then altcoins as well. Jason Pizzino You might also like: State Street expert: “Bitcoin ETFs approval is inevitable” He believes the next significant low for t...