Jason Pizzino, an analyst and trader, has issued a warning about Bitcoin (BTC), as it hovers just below its all-time highest.
Pizzino, a YouTuber with 351,000 subscribers, says that Bitcoin “flirts with danger”, after it failed to break through a level of resistance located below its all-time price high.
According to a widely-followed analyst, Bitcoin needs to remain above key support levels below $100,000 in order for its bullish outlook.
You don’t like to see levels below $91,000 or $92,000, but you do not want them to go up above $93,500 and $94,000… Basically, the entire range of low $91,000. This is the support area you’re looking for. A breakdown at this point will only prolong the move to the upside, and could even weaken it. .”
Pizzino believes that Bitcoin’s bullish outlook will remain intact if it manages to stay above key support levels during this month.
Bitcoin’s price is $102,274 as of the time this article was written, which is about 6% lower than its all-time record high set in January.
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The post Bitcoin Flirting with Danger as BTC faces major resistance level, says Trader Jason Pizzino-Here’s His Outlook could be updated as new information becomes available.
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