Crypto Market in Final Stage of the Cycle, Warns Analyst – Here Are His Targets for Bitcoin, Ethereum and Sui
Analyst and trader Jason Pizzino is saying that the crypto market is possibly at the tail end of the cycle. In a new video, Pizzino tells his 348,000 YouTube subscribers that for the current cycle, most of the gains “have been had already.” According to the widely followed crypto analyst, the upside potential for Bitcoin (BTC) going forward is limited after recording gains of over 6x from the November 2022 low. “Seems like most of the gains already in… Bitcoin is up 500% [since November of 2022]. I think it’s unlikely that Bitcoin would do another 500% from $100,000. That would take you to $500,000 or $600,000. So I’m not looking for any of those targets. I’m definitely now moving things to be a lot more conservative.” Bitcoin is trading at $98,912 at time of writing. Turning to Ethereum (ETH), Pizzino says that the second-largest crypto asset by market cap is only likely to go up by between 187% to 258% from the current level in “lucky” ...