Jason Pizzino: Bitcoin forms double bottom at 17-year 50 percent level

Jason Pizzino: Bitcoin forms double bottom at 17-year 50 percent level
Bitcoin double bottom at historic level

Bitcoin has double-bottomed at its 17-year 50% level versus the S&P 500, following seven months since its all-time high and five consecutive monthly declines.

Jason Pizzino suggests that, while a bounce is likely from this level, Bitcoin may eventually close below this historical range, paralleling patterns seen in previous bear markets such as 2022, 2018, and 2014.

These developments in Bitcoin’s performance against traditional markets mirror thematic patterns identified in prior asset cycles. Similar market behavior was explored in the context of a projected relief rally for gold in 2026, where historical precedent informed expectations following periods of sustained volatility.

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