Cryptocurrency bitcoin encounters potential risk, according to trader Jason Pizzino, as it approaches formidable resistance level, Pizzino offers his perspective.

Straight Talk on the Crypto Front: Jason Pizzino Warns Bitcoin Investors

Hey there, crypto enthusiasts! It's time to pay attention, as Jason Pizzino, a renowned analyst in the crypto sphere, is sounding the alarm on Bitcoin's (BTC) amid its current standoff near the all-time high.

In his recent video, Pizzino shares his insights with his 351,000 YouTube followers, stating that the flagship crypto is edging dangerously close to a critical misstep. Bitcoin's inability to surpass a vital resistance level just shy of the all-time high price, roughly around $109,000, has Pizzino concerned.

"The market has taken a reversal and is hovering around this range [between $94,000 to $105,000]. This range is significant since Bitcoin has been unable to close above the 50% level [around $105,000] on the three-day chart for the past four days."

Pizzino emphasizes that there are crucial support levels lurking beneath the $100,000 milestone that Bitcoin must maintain to keep its bullish prospects alive and well.

"It's essential to avoid dipping below key support levels, such as those in the $91,000 to $93,500 range. A breakdown of these levels risks extending any potential uptrend, weakening the overall movement."

According to Pizzino, Bitcoin's fate largely depends on its ability to hold above these vital support levels, and if it manages to do so throughout May, it could pave the way for a significant surge in price.

"However, if it can hold these levels during May, it might just set the stage for an explosive upwards move."

Currently, Bitcoin is trading at $102,274, a mere 6% from its all-time high reached in January.

Stay informed and up-to-date by following us on X, Facebook, and Telegram!

Stay Ahead Of The Game - Subscribe to receive updates directly to your inbox!

Don't Miss a Beat - Check Price Action and The Daily Hodl Mix!

Generated Image: Midjourney

Other News Worth Your Attention

Binance Alpha: Gaming the Web 3.0 Landscape
NEXPACE Unveils MapleStory N and NXPC Token: Reimagining the MapleStory Universe
GSR Invests in Maverix Securities for Digital Asset Structured Products Launch
Sportsbet.io: Million USDT Giveaway to Mark Champions League Finale
Whale.io: Navigating Towards TGE - 'Wager and Earn' Campaign and Token Conversion Unveiled
Edgen Disrupts the Crypto Market: AI Super App for Institutional-Grade Intelligence
BC.GAME: Embracing Crypto for Enhanced iGaming Experience

$$103,961.850.95%$$2,512.431.22%$$646.560.76%$$171.221.79%$$2.391.08%**

Spotlight

Crypto Analyst Predicts 2025 as the Year for Bitcoin's Bull Market Peak, Unveiling Upside Price Targets
Multi-State Bank Fraud Conspiracy Results in Arrests and Millions in Losses: DOJ
BlackRock Hosts SEC Meeting to Discuss Crypto Staking, Tokenization, and More
Coinbase's Brian Armstrong Reveals Consideration of Putting 80% of the Balance Sheet in Crypto, Ultimately Deciding Against It: Report

We cover the latest trends in finance, ranging from macro-level insights to the world of bitcoin, ethereum, crypto, web 3.0 and beyond.

Cryptocurrency bitcoin encounters potential risk, according to trader Jason Pizzino, as it approaches formidable resistance level, Pizzino offers his perspective.