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Bitcoin set for 21-month weekly low, Jason Pizzino warns
Jason Pizzino, crypto trader & analyst at YouTube / Trading, highlights that Bitcoin is set to record its lowest weekly close since September 2024, a span of 21 months. Pizzino notes that while a rebound may occur, many market participants could be underestimating the challenge of recovery following this structural breakdown.
He advises patience as the market navigates this phase of the bear trend.
Earlier, Pizzino observed Bitcoin’s fall to $64,000 and questioned the lack of bullish support in the market, as detailed in a recent report. He also noted that Bitcoin bulls were beginning to shift their outlook as the digital asset neared a cycle low, according to another update. Both developments occurred as investor sentiment continued to be tested.
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