A widely followed crypto analyst and trader is predicting Bitcoin’s (BTC) potential path forward over the near term.
Analyst Jason Pizzino taʻu mai his 282,000 YouTube subscribers that while he is bullish on Bitcoin over the long term, the flagship crypto asset could fall by around 15% from current levels to below $19,000 in the short term.
“On a little longer term than the hourly chart, on the daily chart, we have $21,500, we have $20,500 [support levels] and probably worst case scenario around the mid-$18,000. So these to me are pretty good buying opportunities under $22,000…
Overall for the macrostructure nothing has changed here. Still long-term macro bullish. Yes, the short term could be bearish but that’s what happens throughout a macro picture.”
Bitcoin o loʻo fefaʻatauaʻi i le $ 22,115 i le taimi o le tusitusi.
According to Pizzino, prices under $22,000 present an accumulation opportunity for Bitcoin.
“Under $22,000 like I’ve been saying for a while now, between that $18,000 and $22,000 is probably one of our best buying opportunities If we’re able to get as low as this region here [$18,000 – $22,000].
It may only get to our halfway point at around $20,500. So keep that in mind if you’re looking to dollar-cost-average into Bitcoin longer term.”
The crypto analyst further says that his bullish thesis for Bitcoin over the long term will be invalidated if the flagship digital asset plunges below $18,500.
“At the moment, we’re in one of those shorter-term bearish corrections. Hopefully, it goes as low as possible and maintains the bullish structure which, from my analysis, is around that $18,500.”
I
Aua le misia se pao - lesitala e ave saʻo atu i luga o lau pusa meli ia matala imeli crypto
siaki Faatinoga tau
Mulimuli i tatou i Twitter, Facebook ma uālesi
Surf O le Daily Hodl Mix
Faʻasalaga: O faʻamatalaga o loʻo faʻaalia i le Daily Hodl e le o se fautuaga faufautua. E tatau i tagata teufaafaigaluega ona faia o latou maelega tatau ao le i faia soʻo se tupe teu faʻafaigaluega i Bitcoin, cryptocurrency poʻo aseta numera. Faamolemole ia fautuaina o au fefaʻatauaiga ma fefaʻatauaiga o loʻo i ou lava tulaga lamatia, ma o soʻo se mea e leiloa e mafai ona e maua o lau matafaioi. O le Daily Hodl e le fautuaina le faʻatau mai poʻo le faʻatau atu o soʻo se faʻataʻotoga o aitalafu po o meatotino numera, e le o le Daily Hodl o se faufautua faufautua. Faamolemole ia matau o le Daily Hodl e auai i le maketiina faʻatasi.
Ata Faia: Midjourney
Source: https://dailyhodl.com/2023/03/09/heres-the-worst-case-scenario-for-bitcoin-btc-in-the-short-term-according-to-popular-crypto-analyst/