Well now, it seems some fellar whoâs got a knack for watchinâ these fancy newfangled crypto doohickeys is hollerinâ that Bitcoinâs got its tail feathers all puffed up and ready to take flight.
This here Jason Pizzino, whoâs got himself 350,000 eyeballs glued to his YouTube shindig, reckons that Bitcoin might just be fixinâ for an explosive jump towards the mid-$90,000 rangeâlike a catapult shooting a frog across a barnyard pond.
âBitcoin done busted through Marchâs high like a bull through a china shop, killinâ off that gloomy gloom cloud that had us all thinking the roof was caving in since December and January. That same olâ warning that told us March 2024 was gonna gin up a correction of over 30%. Well, now itâs hit a new high, tossinâ those three little red flags into the compost heap.â đ€
Then thereâs the US dollar, which according to Jasonâs crystal ball â well, the US Dollar Index â is looking more limp than a wet rag. Thatâs usually a good sign for Bitcoin, which behaves about as predictably as a cat on a hot tin roof.
If you donât know, the US Dollar Index is just a fancy gauge showing how strong the dollar is compared to other currenciesâlike the weather vane of global money.
âSee here, the dollarâs belly-flopped to its lowest point in 37 months on the weekly chart. The monthly pictureâs about to drop in a few days. History shows that when the dollarâs slouching like this, Bitcoin tends to hop on its back and ride higher. So with all these bearish signals killed off, it looks like BTCâs fixinâ for some more upward shenanigans.â đ
Last but not least, he throws in the bit about Tether dominance takinâ a nosedive. Thatâs the share of Tetherâbasically crypto’s version of the buckaroo making sure folks have a stable dollar on the blockchainâfrom the whole crypto roundup.
âUSDT dominance is bustinâ through key levels weâve been trackinâ, though itâs still holdinâ strong above that slippery 50% mark.â Almost like tryinâ to quit smokingâmakes a show of tryinâ, but ainât quite there yet.
As Iâm spin-typing these words, Bitcoinâs sittinâ pretty at $95,252, up a modest 2.5% in the last 24 hoursâenough to make a feller nod and say, âWell, thatâs somethinâ.â
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2025-04-29 10:26