tells<\/a> his 330,000 YouTube subscribers he has concluded that the top crypto asset by market cap will likely skyrocket to a new record price to finish off this cycle.<\/p>\nHowever, the trader says that the crypto king will remain under its previous all-time high for 4-6 months before breaking out, noting that the four-month threshold is about to be crossed.<\/p>\n
\u201cIn March, [it was] very unpopular at the time to suggest that we were going to go for a correction that potentially would last longer than the previous corrections\u2026most were hoping for at the time when many were looking for $80,000 to $100,000 Bitcoin. <\/em><\/p>\nI did some analysis [on a specific March signal] and it came up with the possibility that Bitcoin would be underneath the all-time high for 4-6 months. <\/em><\/p>\nWe are a day away from the four-month mark now. One day away we\u2019re at 119 days underneath the $74,000 top and somewhere in this period, we\u2019ll start to see Bitcoin break past $64,000 \u2013 potentially even break into a new all-time high.\u201d <\/em><\/p>\nAccording to Pizzino, investors can confirm a market bottom for BTC by examining its price action going forward.<\/p>\n
\u201cSo BTC \u2013 the safeway point is still roughly around the mid-60s and that is just looking at the low to the top [and] splitting it in half, and that\u2019s $63,750.<\/em><\/p>\n So that\u2019s where you want to see that price get to start to confirm that [the] low is in and basically hold above that level to consolidate before it can get higher and test the $74,000 top.\u201d <\/em><\/p>\nBitcoin is trading for $57,433 at time of writing, a marginal increase during the last 24 hours.<\/p>\n