Bitcoin set to form new cycle low and rally, Jason Pizzino notes

Bitcoin set to form new cycle low and rally, Jason Pizzino notes
Bitcoin market cycle shows lower interest

Bitcoin is tracing a bear market path similar to 2022, according to Jason Pizzino. However, this cycle is unfolding with notably lower interest and volume, signaling a weaker macro structure.

Pizzino suggests that Bitcoin will form a new cycle low before a new rally begins. He highlights that both lower highs for interest and volume indicate subdued market participation compared to previous cycles.

Earlier, Pizzino highlighted Bitcoin double-bottoming at a critical 17-year level versus the S&P 500 after sustained declines in one report. He has also noted a concerning trend as Bitcoin tracked USDT dominance, with higher lows on the macro chart in another analysis. Both observations have added context to his current assessment of weaker participation.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.