Renowned cryptocurrency strategist Jason Picino expects Bitcoin (BTC) to currently consolidate, preparing for a significant rebound by year-end.
Picino suggests that although Bitcoin may drop to around $44,000, historically, such adjustments have been followed by bullish trends. Reviewing past price behaviors, analysts speculate that market sentiment volatility will calm, potentially paving the way for a rapid rebound or gradual recovery to higher price levels.
Comparing historical patterns, including those from 2016, on monthly charts, he predicts potential breakthroughs within the next six months.
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A cryptocurrency analyst predicts Bitcoin will return to a bull market by year-end.
“Typically, prolonged consolidation phases like this precede upward momentum,”
Picino notes, emphasizing patterns indicating potential upside in the market.
