Popular crypto analyst Jason Pizzino thinks Bitcoin (BTC), crypto and the stock market will all rise in the coming months.
In a new YouTube video, Pizzino tells among his 295,000 subscribers, he thinks BTC will reach $42,000 before the top crypto assets are halved, which is currently the case is about to happen mid April.
As for his macroeconomic outlook, Pizzino believes that both the S&P 500 and NASDAQ 100 are poised to reach record highs during this market cycle.
“It looks like things are going to get very, very explosive, and I don’t think people are prepared for how crazy the markets are going to get. This isn’t going to happen tomorrow, or next week, or next month; it may even take a little longer. Possibly until the end of 2024.”
Bitcoin is trading at $36,328 at the time of writing. The highest-ranked crypto asset by market capitalization has fallen more than 3.5% in the past 24 hours.
Earlier this month, Pizzino said that historical patterns indicate a real altcoin season will arrive sometime around October 2024.
He based his prediction on Bitcoin halving events, which occur every four years. Pizzino says that previous BTC bull market cycles have generally lasted three years, with the first 18 months leading to gains that confirm the bullish uptrend, followed by 18 months of massive gains.
The analyst says that the altcoin season traditionally starts in the second half, months after the halving.
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