A Crypto analyst closely followed that a large rally of the stock market that will stimulate Bitcoin (BTC) and digital assets seems to be on the horizon.
In a new video update, Jason Pizzino tells His 348,000 YouTube subscribers who seem to be American stock markets for another rally that will also push Bitcoin and Crypto assets.
“In terms of the S&P 500 … I wait and see if we are going to push harder and faster above [its] Resistance and it has really hit this resistance several times, and I am being prepared for a new explosive movement to the advantage …
Nasdaq is very close to a new new of all time high [and the] NDX (Nasdaq-100) hit a new all time of all time. “
Pizzzin also notes that the current market sentiment feels the same as during other market bottoms before they finally turned back the course.
“If you come out of the market a bit or capitulate or get irritated by altcoins and memecoins and all things like that, a little hate on yourself and just says,” Screw it, I’m ready, “it’s the same kind of feeling That took place in September last year, that happened in August, that happened in July …
September 2023 was a pretty difficult time. [The crypto markets then] Get so low and then started sharpening higher. It happens every time we are blown up in price. ”
Pizzin too out That the current structure in Bitcoin and shares occurred during any large local layer for BTC.
“Bitcoin and crypto market sentiment continues to fall, capitulation takes place and anger to Altcoin sectors is rising. In the meantime, stock markets print new all time in Europe, the American markets are strong and the US dollar is falling. This is similar to what we saw around any significant BTC layer. It’s just a matter of time … “
https://www.youtube.com/watch?v=HL0RPOIY0DM
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