- Jason Pizzino posted a video discussing Bitcoin’s MVRV pivotal moment.
- He suggests that BTC’s low will end in the next six months as per historical data.
- Pizzoni adds that the S&P 500 market might move up from $3,800.
Cryptocurrency Youtuber Jason Pizzino posted a video on January 5, titled, “History Shows Bitcoin Has 6 Months Left Before It Ends,” discussing the Bitcoin MVRV Pivotal Moment.
He starts the video by looking at the S&P 500 index highlighting that the S&P is still holding above the 50% level since December 16, 2022, however, the YouTuber anticipates a move upwards. Moreover, he holds the support level at $3,800, in case the upwards movement doesn’t manifest.
Pizzino emphasizes that his focus is more on the macroeconomics of the market instead of a 2% improvement or loss. Nevertheless, he claims that $3,600 is still a safe range with room to recover moving forward.
He then moves on to the BTCUSD index where he observes that in the past Bitcoin has experienced 400 days down and 363 days down before undergoing a recovery upwards. Currently, Bitcoin is down for 376 days and Pizzoni shares it might extend further.
In the period from 2018 to 2020 when t ...
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