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Analyst says Bitcoin may peak sooner than anticipated

February 22, 2024


A widely followed crypto analyst Bitcoin (BTC) may diverge from a historic pattern and reach a cycle peak earlier than expected.

In a new video update, crypto strategist Jason Pizzino tells his 312,000 YouTube subscribers that in the previous 2016 and 2020 cycles Bitcoin pulled back after hitting the 50% retracement level on the monthly chart before breaking through it and soaring to a cycle top.

However, Bitcoin has yet to pull back this cycle after hitting the 50% retracement level and remains trading above it, according to the trader.

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