Cryptocurrency expert Jason Pizzino is cautioning that those investing in Bitcoin (BTC) late in the current bull run may face disappointment.
Pizzino warned that latecomers might be hoping for another explosive surge in Bitcoin’s price, but this may not be realistic.
He explained that volatility typically peaks toward the end of a market cycle when new investors rush in to capitalize on gains they missed earlier. Bitcoin has already surged more than 500% since its lows in November 2022, and many are now hoping for another similar rally.
However, Pizzino believes that future returns may be much smaller compared to the rapid gains seen over the past two years. While he acknowledged that he could be wrong, he suggested that the returns from here on may not match the previous explosive growth.
Pizzino also warned that Bitcoin could experience a major correction if higher support levels continue to face resistance. He advised watching for signs of a weak top, which could lead to a significant pullback.
If that happens, he suggested that the market might consolidate before making another move higher, but only if the market has enough momentum to sustain further growth.
With Bitcoin hovering near $119,000, traders are weighing their next move carefully. The question dominating the market now is simple: Buy the dip or wait for a cleaner setup?
Bitcoin has officially reached the $116,000 milestone, a level previously forecasted by crypto services firm Matrixport using its proprietary seasonal modeling.
Bitcoin’s market signal has officially shifted back into a low-risk phase, according to a new chart shared by Bitcoin Vector in collaboration with Glassnode and Swissblock.
Financial author Robert Kiyosaki is once again sounding the alarm on America’s economic health.