Jason Pizzino: Hidden Indicator Predicts All-Time High for Bitcoin
Popular analyst Jason Pizzino is bullish on Bitcoin based on one indicator that he says we are all overlooking. This concerns the Average True Range (ATR) indicator, which, according to Pizzino, points towards a new all-time high for the largest coin on the market.
What does the ATR indicator say about Bitcoin?
According to the analyst, Bitcoin needs to stay in a daily trading range of $1,500 to $2,000 and stay above the $56,000 to $60,000 range to have a chance at new all-time highs.
Pizzino uses the rally that Bitcoin experienced in the early days of COVID-19 as an example of a hidden price movement.
“That whole COVID movement was the longest yet. It lasted 222 days and I measured from the low point to the outbreak.
It is important to see that this was a breakout from the top, which was around $12,000. The price broke out and started to shoot up like a rocket from that point, after which private individuals got in again,” said the analyst.
Analysts are turning bullish
It seems that the analysts are slowly turning bullish again. Pizzino predicts a huge breakout here, but Peter Brandt and Dave the Wave are also bullish at the moment.
Peter burns predicts a Bitcoin price of $130,000 for September 2025, while Dave the Wave sees the digital currency rising to $205,000 in the coming period.
These are races that we can only dream of at the moment.
The harsh reality is that we are right around the all-time high of the 2021 bull market and we have been hanging around there for a while. There has not yet been a real new all-time high with the price of $73,800 on March 14.
What do you think? Will Bitcoin rise above $100,000 during this bull run?
