Bitcoin

Coin

<ul class="news-points"> 
 <li>Jason Pizzino stated that Bitcoin had rallied long enough to initiate a pullback.</li> 
 <li>Pizzino observed a build-up of upside potential in the altcoin market that could lead to significant market behavior.</li> 
 <li>According to Pizzino, Bitcoin’s next target would be to overcome the $48,000 level.</li> 
</ul> 
Jason Pizzino, a full-time macro investor and swing trader, claimed that <a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/">Bitcoin</a> has rallied long enough to initiate a pullback. He also observed a build-up of upside potential in the altcoins market that could lead to significant market behavior ahead of the upcoming Bitcoin halving. 
In a recently uploaded <a href="https://www.youtube.com/watch?v=zbpJajTRxpM" target="_blank" rel="nofollow">video</a>, Pizzino explained some critical indicators that reveal market sentiment, which he confirmed to represent a significant aspect of his market analysis. According to the analyst, those are the instruments he relied upon to predict the markets. 
Using the US Dollar Index Futures chart, Pizzino showed that the dollar is trending downward and recently collapsed significantly in a single trading day. He revealed that he expects further downside on the dollar owing to prevailing macro conditions. 
According to Pizzino, the stock market was rallying toward significant level…
The post <a href="https://coinedition.com/bitcoin-is-due-for-a-pullback-as-altcoins-prepare-to-rally-analyst/">Bitcoin Is Due for a Pullback as Altcoins Prepare to Rally: Analyst</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bitcoin Is Due for a Pullback as Altcoins Prepare to Rally: Analyst

Coin Edition

Other articles published on Dec 15, 2023

Polygon Labs Shifts Focus from Edge to CDK Expansion

Buy XRP: analyst advises

XRP Bulls Anticipate $2 Rally as Renowned Analyst Makes Bullish Prediction

How Do We Decode the Ethical Challenges of AI In Newsrooms?

P2E Trailblazer Tamadoge Unveils Groundbreaking NFT Breeding Feature After Introducing New Tamado...

Multibit Price Surges by 4000% in the past 30 days: Why is MUBI Price Up? Will It Continue to Grow?

Join our free newsletter for daily crypto updates!