Crypto Analyst Says Bitcoin Bull Market Is On The Horizon: 'This Is The Beginning'

Bibhu Pattnaik

September 17, 2023

In a recent analysis, crypto expert Jason Pizzino shared his optimistic outlook on the trajectory of Bitcoin (CRYPTO: BTC), indicating that the premier cryptocurrency is in the early stages of a bull market.

What Happened: In a YouTube video last week, Pizzino said that the market is showcasing signs of strength and potential for growth. Pizzino believes that Bitcoin is gearing up for a significant uptrend.

“This is the beginning of a bull market just like it happened the previous cycle and the previous cycle before that. The beginnings aren’t always as clear. They cannot be as clear," he said.

"Once things become clear, that’s the end. That’s when retail is in. That’s when everyone else is excited to get into the market because everyone else sees the same thing,” Pizzino added.

Also Read: Bitcoin Dip Doesn't Worry JPMorgan Analysts: 'We See Limited Downside To Crypto'

According to Pizzino, Bitcoin will more convincingly confirm the bull market cycle if it crosses the key $28,500 level.

“This market has barely spent any time under $25,000. I’m not saying it can’t spend some more time, but it’s been six months above these levels of weekly closes. Pretty good so far, but the bulls aren’t there yet. They need to see at least some closes start above $26,550. So I’m not trying to toot the horn here too much," he said.

He added that there’s still a lot for the bulls to do.

"I can start to toot it when we get back above the white line here at $28,500. That’s pretty much one of those key levels for Bitcoin to start to consolidate above and put in those continued higher lows to then look to attempt to break $32,000,” he said.

At the time of writing, Bitcoin was trading at $26,516.34, close to 3 percent up in the last seven days.

Now Read: Crypto Analyst Confident About Bitcoin's Surge, But There's A Catch

Join Benzinga's Future of Crypto in NYC on Nov. 14, 2023 to stay updated on trends like AI, regulations, SEC actions & institutional adoption in the crypto space. Secure early bird discounted tickets now!

Photo: Shutterstock

Recommended

Elon Musk: This Will Be Bigger Than Tesla - Ad

Elon Did It Again: This Could Be Bigger than Tesla - Ad

Kicking Yourself for Missing Out on Bitcoin? - Ad

POSaBIT Systems Corporation (CSE: PBIT) (OTC: POSAF), a provider of payments infrastructure in the cannabis industry, has released its financial results for the third quarter of 2023, ending September 30, 2023.

These 3 Energy Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Coming Soon: Federal QR Codes?

Coming Soon: Federal QR Codes? - Ad

Thanks to a major overhaul of the US banking system taking place today, a QR code just like this one could soon be mandatory for millions of Americans and it has the backing of the White House, Federal Reserve and Treasury. What changes do these powerful organizations have planned for your money?

Top 5 Financial Stocks Which You'll Regret Missing This Quarter

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.

Behind The Scenes, Huawei Reportedly Becomes Central Player In China's Chip War Strategy

Huawei Technologies Co. is being covertly positioned by the Chinese government as a central figure in the country's strategy to create an independent semiconductor industry.

Radical Change Inside American Banks

Radical Change Inside American Banks - Ad

We could see some seismic changes in the banking system, changing the way you access your social security income, pay your taxes and spend your paycheck. That's why it's so crucial you understand these changes, and how they'll inevitably impact you, as soon as possible.

After MUNGER Coin's Crash, Kissinger Tokens Flood Crypto Space Following His Death At 100

Several tokens were created named after Henry Kissinger, the 100-year-old former U.S. Secretary of State who passed away on Thursday.

Charlie Munger And Warren Buffett's Final Deal Falls Through Despite $157B Berkshire Cash Reserves

The long-time business partners Charlie Munger and Warren Buffett failed to finalize one last deal together.

Crypto Loophole Strategy Revealed - BTC Giveaway

Crypto Loophole Strategy Revealed - BTC Giveaway - Ad

Learn a profitable newbie-friendly crypto loophole that works no matter if markets are up or down. Register for our free "Loophole" strategy training today and get $10 in Bitcoin for attending. No catch. No purchase necessary.

Get Cozy In Cuffing Season With The Latest Cannabis Products Including Delta 9 Gummies, THC Vegan Chocolate And More

In this cozy time of year, the cannabis market blooms with new and innovative products that promise to enhance your relaxation and comfort.

Disney CEO Bob Iger Says He Will 'Definitely' Step Down In 2026

Iger, who stepped back into the role of Disney's CEO a year ago, also confirmed that the ABC broadcast network was not on the market.

Viral Video About Tesla Driving 752 Miles on a Single Charge

Viral Video About Tesla Driving 752 Miles on a Single Charge - Ad

A prototype Tesla is sending shockwaves through the auto industry: It drove 752 miles... On a single battery charge! The secret? A new type of battery I call "Forever Lithium"...that could "emerge as the dominant chemistry for Tesla." An obscure Indiana firm is now positioned to potentially mint more millionaires than the rise of Tesla....

Bitcoin, Ethereum, Dogecoin Dip Ahead Of Macro Volatility Triggers As November Ends: Analyst Predicts Ethereum To Rally Over 80% To $3600

Major cryptocurrencies experienced a significant drop on Monday evening, with exchanges reporting the lowest quantity of available Bitcoin since April 2018, excluding the recent lows noted in October.

This Analyst With 84% Accuracy Rate Sees More Than 41% Upside In NVIDIA - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

U.S. stocks closed mixed in holiday-shortened trading session on Friday, ahead of the major shopping season. All three major indices, meanwhile, recorded their fourth straight weekly gains.

Putin's New Move a Threat to 124 Million U.S. Bank Accounts

Putin's New Move a Threat to 124 Million U.S. Bank Accounts - Ad

Putin knows he can't win a shooting war against America. So instead of attacking us with traditional weapons... He just dropped this "financial nuclear bomb" on America that could wipe out as many as 124 million U.S. bank accounts, including YOURS.

High-fat flight is first jetliner to make fossil-fuel-free transatlantic crossing from London to NY

LONDON (AP) — The first commercial airliner to cross the Atlantic on a purely high-fat, low-emissions fuel flew Tuesday from London to New York in a step toward achieving what supporters called “jet zero."

Nvidia Delays Chip Launch And Competitors Are Set To Challenge Its Dominance

Last week, Nvidia Corporation (NASDAQ: NVDA) reported staggering third-quarter results. Despite its reliance on Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM), Nvidia’s Data Center division drove this impressive growth,

The No. 1 AI Stock of 2023 (Not Nvidia)

The No. 1 AI Stock of 2023 (Not Nvidia) - Ad

It's not Nvidia, Meta Platforms, Alphabet, or Amazon. But thanks to a recent major deal, an under-the-radar stock could become the No. 1 winner of the 2023 AI boom. "This company just teamed up with one of the biggest power players in the AI industry... yet you can still buy it for just one-twelfth the price of Nvidia -- the time to buy is NOW," says Marc Chaikin.

Trump's Niece, Legal Expert Weigh In On 'Potentially Damning Document' In NY Civil Fraud Case: 'Can't Think Of Bigger Smoking Gun'

Trump's niece explains why ex-Trump Organization official's note withheld by her uncle's lawyers spells trouble for him.

British Antitrust Watchdog Wins Appeal In UK Court, Decision Could Be A Blow to Apple's Fortunes

Today's unanimous judgment from the U.K. Court of Appeal has overturned the Competition Appeal Tribunal's (CAT) decision from March 2023.

Missed Out on Crypto $? Here's Good News

Missed Out on Crypto $? Here's Good News - Ad

If you missed out on crypto, this could be your second chance. A brief "wealth window" is opening now, but you must get in before January 9, 2024. Don't delay.

IO Biotech And 2 Other Stocks Under $2 Insiders Are Buying

When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

Mark Cuban Wants To Build New American Cities On Blockchain: 'Send Me An NFT That Unlocks...'

"Shark Tank" billionaire investor Mark Cuban on Sunday expressed interest in a transformative crypto real estate project, bringing together smart contracts and non-fungible tokens (NFTs) to drive construction and urban development.

This AI Stock Is Still Dirt Cheap

This AI Stock Is Still Dirt Cheap - Ad

If I told you that we'd be using AI to save lives on the battlefield, you'd think it was science fiction. But this is happening right now on the front lines of Ukraine. Wall Street giants just reported that they own over $1 billion in stock and it is still dirt cheap at less than $15 per share.

Trump's Niece Says Newly Released Audio Is 'Key Evidence' That Could Convict Her Uncle And 'His Pathetically Inflated Sense Of Himself'

A recent recording from an interview with former President Donald Trump has shed more light on his alleged involvement in the Jan. 6 Capitol riot.

Insta-Worthy Workspaces To Woo Back Remote Workers? Social Media Users Tell Companies To 'Please' Just Raise Pay

The New York Times reported that certain firms, such as Magic Spoon, a cereal brand, are banking on visually attractive workspaces to bring employees back to the office.

"Bitcoin Is Dead" (Buy This Instead)

"Bitcoin Is Dead" (Buy This Instead) - Ad

There's one investment hiding in the shadows of the crypto market positioned to grow 20 times bigger than bitcoin. Very soon this "Next Generation Coin" will be a cornerstone of the $100 trillion financial industry. The best part -- you can get started with as little as $20.

Elon Musk Apologizes For Antisemitic Tweet At New York Times DealBook Forum, But Also Tells Advertisers To 'Go F*** Yourself'

Elon Musk spoke with Andrew Ross Sorkin at the New York Times DealBook Forum. Among the many topics addressed during the interview, Musk spoke on the recent antisemitic controversy in which he has been embroiled.

Elon Musk Vows To Wear Symbolic Dog Tag Gifted By Israeli Parent 'Every Day Until Your Loved Ones Are Released'

During a meeting with President Isaac Herzog and the families of hostages, a parent named Rachel showed Musk a video of her son's alleged abduction by Hamas.

The Mysterious Tale of "America's No. 1 Retirement Stock"

The Mysterious Tale of "America's No. 1 Retirement Stock" - Ad

This factory of 53,000 employees, in Burbank, CA, was camouflaged to look like a sleepy suburb (with the help of artists, set designers, and painters from nearby Hollywood movie studios). The mysterious company behind this disappearing act is now being called "America's No. 1 Retirement Stock".

Asian And European Markets Dip; Gold Trades Above $2K, Crude Oil Approaches $75 - Global Markets Today While US Was Sleeping

Gold was trading up 0.51% at $2013.95, Silver gained 1.94% to $24.817, and Copper declined 0.43% to $3.8160.

Kim Jong Un And Joe Biden's Ambassadors Engage In Rare Public Spat At UN Security Council Meeting

This public argument comes in the wake of North Korea's inaugural spy satellite launch and the subsequent escalation in tensions.

Elon Musk's "ChatGPT" Could Soon Mint New Millionaires

Elon Musk's "ChatGPT" Could Soon Mint New Millionaires - Ad

Elon Musk is about to shock the world again with his version of ChatGPT. And you could go along for the ride if you make this one simple move.

Chinese AI firm SenseTime denies research firm Grizzly's claim it inflated its revenue

HONG KONG (AP) — SenseTime, a major Chinese artificial intelligence company, has rejected claims by a research company that it has falsely inflated its revenue.

Sam Bankman Fried Is Using A New Currency In Prison To Get Favors From Inmates -- Fish

In the confines of New York's Metropolitan Detention Center, Sam Bankman-Fried, the former crypto magnate is adapting to the prison’s underground economy.

Is Your Bank Next?

Is Your Bank Next? - Ad

A powerful new trend is spreading like wildfire inside the US financial system. At least 41 banks are already involved. But the Federal Reserve predicts that number will grow fast. See if your bank is involved right here.

Netflix's Remarkable Recovery Journey To Nearly $500 Per Share After Navigating A Steep 28% Drop In The Market

Netflix's stock has demonstrated resilience, recovering from a 28% decline between July and October 2023. Currently experiencing a bullish trend, Netflix's stock has gained 61% this year, with a notable 16% increase this month.

11 die in coal mine accident in China's Heilongjiang province

BEIJING (AP) — A violent rock burst in a coal mine killed 11 people in China's northeastern Heilongjiang province on Tuesday, Chinese state broadcaster CCTV reported.

What Stock Do These 3 Billionaires Have in Common?

What Stock Do These 3 Billionaires Have in Common? - Ad

This stock already boasts twice Tesla's returns, but now...three well-known billionaires are piling in. Brand-new analysis reveals the full story, including the names of these billionaires -- and the stock.

Cannabis vs. Alcohol: Which Is Preferable For Better Sleep Among Those Suffering From Anxiety?

Discover how cannabis surpasses alcohol in improving sleep quality for anxiety sufferers, as revealed by a groundbreaking NIH-funded study.

Trending Now