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 <p class="is-style-lead">Crypto analyst Jason Pizzino examined historical stock market cycles and predicted that Bitcoin could see significant price increases.</p>
 <p>In an Oct. 9 YouTube video, crypto <a rel="noopener noreferrer nofollow" title="analyst" href="https://thebittimes.com/tag/analyst.html">analyst</a> Jason Pizzino took a deep dive into historical stock market cycles. He used that data to predict where the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of Bitcoin (BTC) could be headed in a new video posted on October 9, 2023.</p>
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 <p>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 <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>s surge dramatically before eventually crashing down.</p>
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 <p>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.</p>
 <p>According to Pizzino’s cycle <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>, 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.</p>
 <p>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.</p>
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  <p>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 <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>s above, I would think, above 42K by that stage.</p> <cite>Jason Pizzino</cite>
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 <p>In examining recent stock market action, Pizzino noted the S&amp;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.</p>
 <p>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.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-analyst-calls-for-bitcoin-price-to-blast-off-tbt65623.html">https://thebittimes.com/crypto-analyst-calls-for-bitcoin-price-to-blast-off-tbt65623.html</a></p>

Crypto analyst calls for Bitcoin price to blast off

TheBitTimes

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