Bitcoin
Bitcoin (BTC)
$37,923.00 2.38064
Bitcoin price
Ethereum
Ethereum (ETH)
$2,053.15 1.62409
Ethereum price
BNB
BNB (BNB)
$229.94 1.75784
BNB price
Solana
Solana (SOL)
$58.43 6.84312
Solana price
XRP
XRP (XRP)
$0.6126500 1.63645
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000084 2.91922
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000011 2.64392
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000119900 46.54267
El Hippo price
Bitcoin
Bitcoin (BTC)
$37,923.00 2.38064
Bitcoin price
Ethereum
Ethereum (ETH)
$2,053.15 1.62409
Ethereum price
BNB
BNB (BNB)
$229.94 1.75784
BNB price
Solana
Solana (SOL)
$58.43 6.84312
Solana price
XRP
XRP (XRP)
$0.6126500 1.63645
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000084 2.91922
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000011 2.64392
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000119900 46.54267
El Hippo price
Bitcoin
Bitcoin (BTC)
$37,923.00 2.38064
Bitcoin price
Ethereum
Ethereum (ETH)
$2,053.15 1.62409
Ethereum price
BNB
BNB (BNB)
$229.94 1.75784
BNB price
Solana
Solana (SOL)
$58.43 6.84312
Solana price
XRP
XRP (XRP)
$0.6126500 1.63645
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000084 2.91922
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000011 2.64392
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000119900 46.54267
El Hippo price
Bitcoin
Bitcoin (BTC)
$37,923.00 2.38064
Bitcoin price
Ethereum
Ethereum (ETH)
$2,053.15 1.62409
Ethereum price
BNB
BNB (BNB)
$229.94 1.75784
BNB price
Solana
Solana (SOL)
$58.43 6.84312
Solana price
XRP
XRP (XRP)
$0.6126500 1.63645
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000084 2.91922
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000011 2.64392
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000119900 46.54267
El Hippo price

Crypto analyst calls for Bitcoin price to blast off

crypto-analyst-calls-for-bitcoin-price-to-blast-off
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Markets
Crypto analyst calls for Bitcoin price to blast off

Crypto analyst Jason Pizzino examined historical stock market cycles and predicted that Bitcoin could see significant price increases.

In an Oct. 9 YouTube video, crypto analyst Jason Pizzino took a deep dive into historical stock market cycles. He used that data to predict where the price of Bitcoin (BTC) could be headed in a new video posted on October 9, 2023.

Pizzino claimed that if you look back over the last 100 years, stock markets tend to follow approximate 20-year cycles. At the end of each cycle, markets historically hit a peak mania period where prices surge dramatically before eventually crashing down.

He pointed to several examples of these cycle peaks and crashes – the lead-up to the 1929 peak and Great Depression crash, the 1960s bull market peak and 1970s stagflation crash, the 1980s Japanese asset bubble peak and crash, the 2000 dot-com bubble peak and the 2008 financial crisis crash.

According to Pizzino’s cycle analysis, the current bull cycle is likely entering its peak mania period. He predicts this will occur around 2025-2027 based on past timing. During these periods of euphoria at the end of a cycle, speculative assets like cryptocurrencies often experience parabolic rises referred to as “blow-off tops” as retail hype climaxes.

Pizzino cautioned that while these dramatic gains can occur during the peak, they are a symptom of an eventual collapse when the cycle switches into a bear market. However, based on the magnitude of past cycle peaks. More conservatively, he estimated Bitcoin may rise above $42,000 by 2024 based on historical data.

Md 2024 to late 2024 is probably that period where retail really starts to get quite interested in crypto and Bitcoin again. So that could mean that we could see higher prices above, I would think, above 42K by that stage.

Jason Pizzino

In examining recent stock market action, Pizzino noted the S&P 500 and Nasdaq appear to be bottoming out after steep declines in 2022. He sees the current bottoming pattern as a sign the new bull cycle that started in late 2022 is continuing.

In summary, while urging caution around uncertainty, Pizzino said the long-term cycle data shows the potential for further upside for Bitcoin and stocks in the years ahead. Still, he expects the rise to be followed by a violent market collapse.

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