Has Bitcoin (BTC) Bottom In Yet? As Crypto Analyst Jason Pizzino Shares He’s Thought On Current Bearish Market

The current bear market which is being experienced is said by many crypto analysts and traders that is happens to look like the previous ones, has it said to has it said to has aligned with the downtrend of previous years. The cycle is said to hold the clue of when bitcoin could possibly establish a bottom.

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In he’s recent live session with he’s subscribers on YouTube which he says that;

“For the day counts, we’re getting very close again to what we’ve seen in previous cycles… The first cycle here, 2014, we have 411 days. You see that from the top to the bottom, 411 days, from the peak to that low…

The next cycle was in 2018, 363 days, basically almost exactly one year, top to bottom, 363 days.

And at the moment, with the current low being middle of November, 376 days, as the peak was around early November. So this could still lead out into January, maybe for another bottom as well. And that would still be well within the timing of all previous cycles, which means that lines up very, very well with the previous cycles, and of course the halving event coming up in 2024.”

From he’s point of view he says that sharp bull rallies has we have seen in the past two bearish fall has marked the end of the bearish market movement. Well for a start at least we should appreciate the king has been able to establish support level of $16k and I hope to see the best of this come next cycle.
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