Analyst and trader Jason Pizzino says that the cryptography market may be at the end of the cycle.
In a new video, Pizzino said to its 348,000 YouTube subscribers that for the current cycle, most of the gains “have already been”.
According to the Crypto analyst widely followed, the potential to increase Bitcoin (BTC) in the future is limited after recording more than 6x gains from the bottom of November 2022.
“It looks like most of the gains in… Bitcoin have increased by 500% (since November 2022). I think it is unlikely that Bitcoin will make an additional $ 100,000 of $ 100,000. This would lead you to $ 500,000 or $ 600,000. So I am not looking for any of these targets. I definitely move things to be much more conservative. “”
Bitcoin is traded at $ 98,912 at the time of the editorial staff.
Turning to Ethereum (ETH), Pizzino says that the second largest cryptographic asset by market capitalization should only increase by 187% to 258% compared to the current level in “lucky” conditions.
“As long as it stays here ($ 4,000 per resistance level) much longer, I don’t think it is going crazy. I don’t think we’ll see a kind of $ 12,000, $ 15,000, $ 20,000 ETH. I think it’s about the cards.
I think we will be lucky if we enter the high figures here between $ 8,000 and $ 10,000. »»
Ethereum is negotiated at $ 2,790 at the time of the editorial staff.
Then, the native token of the layer 1 sui (sui) blockchain. According to the analyst and merchant of Crypto, Suis always has a “reasonable potential” and could rally more than 190% compared to the current level.
“Suis is the one who seems to shape relatively strong. It could go further, but it’s still above previous summits here at $ 2.20 …
Maybe we reach $ 10 and it takes us to a 5x of these stockings here at $ 2.4 … more than $ 10, you know, $ 12, maybe you hit your 5X. »»
SU is negotiated at $ 2.95 at the time of the editorial staff.
https://www.youtube.com/watch?v=X1ZRVE0XDHY
Do not miss a beat-Subscribe to obtain alerts by e-mail delivered directly in your reception box
Check price action
Follow us XFacebook and telegram
Surf the daily Hodl mixture
& nbsp
Warning: Opinions expressed at Daily Hodl are not investment advice. Investors should make their reasonable diligence before making high-risk investments in bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and that all the losses you may undergo are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, and the Daily Hodl is an investment advisor. Please note that the Daily Hodl is participating in affiliation marketing.
Image generated: Midjourney
