- Jason Pizzino stated that Bitcoin had rallied long enough to initiate a pullback.
- Pizzino observed a build-up of upside potential in the altcoin market that could lead to significant market behavior.
- According to Pizzino, Bitcoin’s next target would be to overcome the $48,000 level.
Jason Pizzino, a full-time macro investor and swing trader, claimed that Bitcoin has rallied long enough to initiate a pullback. He also observed a build-up of upside potential in the altcoins market that could lead to significant market behavior ahead of the upcoming Bitcoin halving.
In a recently uploaded video, Pizzino explained some critical indicators that reveal market sentiment, which he confirmed to represent a significant aspect of his market analysis. According to the analyst, those are the instruments he relied upon to predict the markets.
Using the US Dollar Index Futures chart, Pizzino showed that the dollar is trending downward and recently collapsed significantly in a single trading day. He revealed that he expects further downside on the dollar owing to prevailing macro conditions.
According to Pizzino, the stock market was rallying toward significant level…
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