Bitcoin Bull Run: Crypto Strategist Predicts $136,000 by 2023

Bitcoin's bull market is gaining momentum, with crypto strategist Jason Pizzino predicting a price target of $136,000 for the top crypto asset by the start of next year. In a recent YouTube video, Pizzino shared his analysis with his 348,000 subscribers, highlighting the potential for Bitcoin to reach this new high.

Pizzino's prediction is based on the concept of a right-translated cycle, where prices tend to peak later rather than earlier. He believes that the current market cycle for Bitcoin is now guaranteed to be a right-translated cycle, which could lead to a new all-time high. Although he acknowledges that the price will not rise in a straight line, Pizzino projects multiple shorter-term price targets using the same strategy to identify potential resistance levels.

One major resistance zone for Bitcoin is around the $120,000 price tag, which is a key psychological level. At the time of writing, Bitcoin is trading for $95,805, a fractional decrease on the day. Despite the slight dip, Pizzino's analysis suggests that the overall trend for Bitcoin remains bullish, with the potential for significant price gains in the coming months.

As the crypto market continues to evolve, investors and enthusiasts alike are keeping a close eye on Bitcoin's price action. With analysts like Pizzino providing insightful analysis, the crypto community can make informed decisions about their investments and stay up-to-date with the latest developments in the market.