Jason Pizzino: Bitcoin will update ATH

Cryptocurrency analyst Jason Pizzino notes an important resistance level that bitcoin BTC $65,438.70 Bitcoin -0.36% Market capitalization $1.29 trillion VOL. 24 hours $0.6 billion needs to overcome to potentially start a new rally. In his YouTube video, Pizzino argues that if the price of the market leader rises by about 6% from the current level, it could create conditions for a larger bullish movement.

According to the analyst, testing and consolidating the price above $ 58,000 could signal a short-term rise. However, the key level is $ 61,500, which, if overcome, could indicate a move to new historical highs.

At the same time, Pizzino notes that even if the price of BTC falls by more than 15% from the current level, this will not necessarily cancel the positive scenario. He believes that if bitcoin stays above $ 52,000 or even $ 49,000, it will still be a sign that the asset remains in the bull market. If the price rises above $ 61,500 again after the decline, further growth can be expected.

Expectations of price growth are also supported by the growing interest in cryptocurrencies among institutional investors. Large financial players are increasingly investing in digital assets, which also contributes to market stability and growth.