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Jason Pizzino, crypto trader & analyst at YouTube / Trading, observes that some Bitcoin bulls are adjusting their stance, with many now suggesting that a recovery is only a few months away.
He adds that while the market may be moving closer to a cycle low, a bottom has not yet materialized. Pizzino emphasizes that further capitulation among persistent bullish investors may be needed before the next cycle begins.
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Earlier this year, Pizzino observed that smart money investors were selling Bitcoin as part of the asset’s recurring four-year cycle, as detailed in his previous analysis. He also highlighted a rare period of nine consecutive green weeks in crypto markets, historically seen as a precursor to potential reversals, in a separate report. These observations reflect Pizzino's ongoing focus on market cycles and historical patterns in crypto trading.