Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Sunday, June 1
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Bitcoin»Potential ‘High Alert’ Coming for Bitcoin (BTC) if This Price Level Breaks, According to Analyst Jason Pizzino
    Bitcoin

    Potential ‘High Alert’ Coming for Bitcoin (BTC) if This Price Level Breaks, According to Analyst Jason Pizzino

    August 14, 20243 Mins Read


    A closely followed crypto analyst says that Bitcoin (BTC) could suddenly plummet in value if one key level is lost as support.

    In a new video update, crypto strategist Jason Pizzino tells his 332,000 YouTube subscribers that if Bitcoin falls below $53,500, there is cause for concern that the crypto king may be flipping bearish.

    “We’re still in a slightly stronger stance to then test the 50% level again [at $61,422]…

    Is it going to be the bulls that take control, get above 50%? Or is it going to be the bears that take control and reject 50% again to close underneath that $53,500 level for BTC?

    So as a recap, my view hasn’t changed on Bitcoin: the bull market support level hasn’t broken down… I’d be on high alert if Bitcoin broke from $53,000.”

    Source: Jason Pizzino/X

    The analyst also believes that Bitcoin could witness wild price swings in the near term due to global macroeconomic uncertainty.

    “Basically it’s a choppy market at this stage, on top of all the economic recession [concerns], interest rates, Japanese [yen] carry trade, stuff going on with the stock market – all that sort of uncertainty surrounding these markets.”

    Lastly, the analyst says that the Fear and Greed Index, a measure of market sentiment with values ranging from 0 to 100, is showing “extreme fear,” which he suggests could be a positive sign as it may indicate over-selling of digital assets.

    “Bitcoin and crypto is extreme fear again, which I think is a good sign here, especially considering it wasn’t able to get up to the greed, so quickly.”

    Bitcoin is trading for $59,662 at time of writing, up nearly 2% in the last 24 hours.

     

    Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

    Check Price Action

    Follow us on X, Facebook and Telegram

    Surf The Daily Hodl Mix

    &nbsp

    Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

    Generated Image: Midjourney





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleUS stock index futures steady with CPI data in sight By Investing.com
    Next Article Shunning home markets, South Korean retailers pile-up on US stocks

    Related Posts

    Bitcoin

    Les principaux risques d’accumulation de Bitcoin de la stratégie révélés par les analystes

    June 1, 2025
    Bitcoin

    Bitcoin porte-t-il le prix de traînée à 100 000 $ alors que le BTC a des difficultés à 103 000 $?

    May 31, 2025
    Bitcoin

    Vendre le bitcoin ou tenir? Modèle économique qui sobre par l’investisseur Fred Krueger

    May 31, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Action Ganglong China Property Group Limited | Cours 6968 Bourse Hong Kong S.E.

    July 31, 2007

    Télécharger Glary Utilities – CNET France

    August 16, 2020

    Glary Utilities à télécharger – ZDNet

    April 4, 2022
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Property

    Yuexiu Property enregistre une hausse de 24 % de ses ventes contractuelles en avril

    May 8, 2025
    Finance

    la Banque mondiale finance un important projet universitaire en Tunisie – La Nouvelle Tribune

    February 28, 2025
    Stock Market

    Dow, S&P 500, Nasdaq stumble as Trump recommits to sweeping tariffs on Saturday

    January 31, 2025
    What's Hot

    Property For Industry annonce un dividende trimestriel et relève ses prévisions pour l’exercice 2025

    May 8, 2025

    Robinhood Targets Seasoned Traders With Bitcoin Futures, New Desktop Platform

    October 17, 2024

    iSAM Securities expands liquidity offering adding 16 instruments including China H Shares, Commodities

    August 6, 2024
    Most Popular

    Former-CEO Of Mine Digital Accused Of $1.5M Bitcoin Heist

    October 23, 2024

    Stocks Gain as Wall Street Banks Hit Two-Year High: Markets Wrap

    October 11, 2024

    Affaire conclue entre le galeriste Emmanuel Perrotin et l’investisseur Colony, mariage inédit de l’art et de la finance

    April 15, 2025
    Editor's Picks

    Stocks rebound after 3-day rout as Nasdaq, S&P 500 rally 2%

    August 6, 2024

    Fidelity compare Bitcoin au Dr Jekyll et à M. Hyde

    April 21, 2025

    Stock and Share Market News, Economy and Finance News, Sensex, Nifty, Global Market, NSE, BSE Live IPO News

    July 12, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.