{"id":149323,"date":"2023-09-04T13:05:46","date_gmt":"2023-09-04T07:35:46","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=149323"},"modified":"2023-09-04T13:05:46","modified_gmt":"2023-09-04T07:35:46","slug":"heres-how-bitcoin-btc-could-make-a-move-to-the-upside-according-to-analyst-jason-pizzino-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/heres-how-bitcoin-btc-could-make-a-move-to-the-upside-according-to-analyst-jason-pizzino-crypto-news\/","title":{"rendered":"Here\u2019s How Bitcoin (BTC) Could Make a Move to the Upside, According to Analyst Jason Pizzino – Crypto News"},"content":{"rendered":"

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A widely followed crypto strategist believes that Bitcoin (BTC<\/a>) could witness a burst to the upside despite the choppy market conditions.<\/p>\n

In a new strategy session, analyst Jason Pizzino tells his 290,000 subscribers on YouTube that BTC bears will likely come out in full force should Bitcoin retests support near $23,500.<\/p>\n

\u201cCrypto Twitter will lose their absolute minds in this gap so be ready for that. It\u2019s about a 9% gap to fill from $26,000 down to about $23,500.\u00a0<\/em><\/p>\n

And the reason for that is well, the market hasn\u2019t been moving, and we don\u2019t have much volatility. So as soon as there\u2019s a few percent more than what people are used to, that\u2019s when things go crazy.\u00a0<\/em><\/p>\n

From that point, what we will hear is all this sort of BS: [calls for] $15,000, $14,000, $12,000, $10,000. You know when we get those pricings, those calls, that we\u2019re getting close to the end and potentially a macro higher low forming. So my eyes are very firmly on $23,600.\u201d<\/em><\/p>\n

Pizzino sees a scenario where Bitcoin witnesses a steep liquidation event that pushes the price down just enough to trap bears before forming a bullish higher-low setup.<\/p>\n

\u201cMaybe we get a quick flush out to the 50% at $23,600 because we know the 50% level has been working very, very well for all sorts of timeframes for BTC across 2023 and of course history as well.\u201d\u00a0<\/em><\/p>\n

Source: Jason Pizzino\/YouTube<\/figcaption><\/figure>\n

A bullish higher-low setup typically signals the bottom of a correction and the potential resumption of the uptrend.<\/p>\n

At time of writing, BTC is trading for $26,030.<\/p>\n