Here’s When The Current Bitcoin And Crypto Assets Bull Market Ends, According To Trader Jason Pizzino
Digital asset analyst Jason Pizzino reveals when he believes the current bull cycle for Bitcoin and the rest of the crypto markets will come to an end.
Pizzino tells his 217,000 YouTube subscribers that Bitcoin’s dominance and market sentiment are important factors in predicting when a bullish phase is about to end. Bitcoin dominance tracks the value of Bitcoin relative to the market capitalization of all other crypto assets.
According to the crypto analyst, based on the story, money enters Bitcoin during a bull market, thereby increasing Bitcoin’s market share in the cryptocurrency market.
Pizzino also says that the crypto market may currently be in one of the final stages of Bitcoin increasing its market share before altcoins (alts) rally for the last time in this cycle.
“So if we repeat something similar to history right now, we may be on one of those last stages of Bitcoin’s dominance regaining before the money comes back into the alts. And people are getting that last shot of euphoria and adrenaline as their money goes up.
So what can we take away from this to understand when will the Bitcoin and cryptocurrency bull market end? Well, the main thing we’re looking at here is when we get those turning points – when the market starts to slow down and then reverses the other way.
This is the time when the money comes back into Bitcoin and then, as you can see, for a shorter period of time it comes back into the alts because people think, “Well, maybe it’s time for the alts. replay ”. But it gets a higher fund in this case and then it comes back into Bitcoin. So it looks like the alt night is over.
And we’re kind of getting that right now. So we can see that we have two funds – a little double bottom here and the money is pouring into Bitcoin, but there are still some old coins coming out during that time. It’s just not spread out across the whole space.
Pizzino says that when favorable news barely pushes prices up, it indicates the market has turned bearish.
“Right now, that’s kind of what Bitcoin has been through because a lot of bad news doesn’t affect it too much. We always get higher lows and the market keeps going up and on the other hand the good news always pushes the market higher.
If and when we go into a bear market, it will be the other way around. The good news will only keep the market in place. That won’t push it too much higher, and the bad news will continue to empty the market even harder. “
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