Bitcoin Analyst Pointed to This Price and Said “Game Over”

Cryptocurrency analyst Jason Pizzino has warned that Bitcoin (BTC) could fall further if a key support level collapses.

Pizzino, who has more than 300 thousand followers, said in his new video that Bitcoin's support level around $ 44,600 should be held, otherwise the leading cryptocurrency could return to the prices recorded in early 2023.

“Game over”

“Any close below $44,600 will likely be very dangerous,” Pizzino said. "This danger is that the price will fall below $ 40,000," he said.

According to the analyst, Bitcoin falling below $ 40,000 will mean that the bull trend in the market is officially over. Pizzino said, “When it goes below $40,000, if it closes monthly below that, the trend is essentially broken. This is everything. "The game is over," he said.

According to Pizzino, if Bitcoin falls to $40,000 and closes below it, this cycle is more likely to end. “And if it goes to $40,000 and closes below, it means that this cycle is over and the price will fall further, testing the 30,000s and 20,000s, although that is not a guarantee,” he said.

Will the upward trend continue?

Pizzino stated that Bitcoin could continue its uptrend if it can stay above the bull market support level. Sharing a chart, he predicted that BTC could rise above $60,000 again by November this year.

“I see [Bitcoin] still above bull market support [around $49,243] at these levels up to the mid-$50,000s,” Pizzino said. Therefore, it still has higher chances of continuation. “This may just take a little longer than we expected,” he added.

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