tells<\/a> his 348,000 YouTube subscribers that the top crypto asset by market cap could hit a price tag of $136,000 by the start of next year.<\/p>\nAccording to Pizzino, a right-translated cycle \u2013 or a market cycle where prices tend to peak later rather than earlier \u2013 is now guaranteed for Bitcoin.<\/p>\n
\u201cA little more hopium for the price targets themselves \u2013 we are in the right side of the cycle, the right translated cycle is guaranteed now so the top could be in. <\/em><\/p>\nBut we\u2019ve guaranteed a right translated cycle for BTC after all of the fear 12 months ago that it was going to be a left translated cycle, March having a top and then the price coming back down. So we\u2019re in the right, things are looking relatively rosy and healthy. Now for a bit of a price projection to the upside\u2026 <\/em><\/p>\nWe\u2019re just looking at this as a bit of a road map into around $136,000. Of course, along the way, it\u2019s not going to go straight to $136,000.<\/em><\/p>\n I\u2019m looking at multiple shorter-term price targets using the same strategy so just projecting those ranges forward to identify if there\u2019s any short-term resistance levels.\u201d<\/em><\/p>\nPizzino notes that a major resistance zone for the flagship digital asset likely resides around the $120,000 price tag as it is a key psychological level.<\/p>\n
Bitcoin is trading for $95,805 at time of writing, a fractional decrease on the day.<\/p>\n