Aussie Trader Jason Pizzino Unveils What’s Next for Bitcoin

Aussie trader and popular YouTube analyst Jason Pizzino’s most recent video interrogates the upcoming market cycle for Bitcoin – and the biggest takeaway is he believes the coin is on track to hit a new all-time high. However, he predicts there may be a few bumps along the way before we get there.

Previous Cycles Suggest a Stock and Crypto Market Resurgence

Based on historical data, Jason Pizzino believes the land market for property in Australia, the UK and the US is in the midst of a 14-year bull cycle set to peak in around 2025. Additionally, the stock market – particularly indices like the Nasdaq and the S&P 500– are enjoying a solid end to 2023. 

How does this all relate to crypto? Well, according to Pizzino, he believes this means that risk is coming back into the market after a few lean years post-COVID. This matches up with basic economic principles – during downturns, investors tend to turn toward safer assets like cash and bonds. 

However, as the market bottom becomes clear and the trend starts to shift, traders begin to move back into riskier assets like Bitcoin and other cryptocurrencies. This has proven true for BTC in 2023, with the coin up over 150% in the past 12 months, correlating with the positive price action of the property and stock markets. 

He believes that the peak of the property economic cycle will coincide with Bitcoin reaching its new all-time high sometime in the next few years – although most likely not until well after the BTC halving event in mid-2024.

Fear and Greed Index Nearing 2021 Levels

The fear and greed index has traditionally been considered an accurate measure of the overall state of the crypto market. Usually a high “fear” reading – a score of 40 or below indicates bearish market conditions and a potential reversal. The same can be said for greed (a measurement of 60 or above).

For the first time since late 2021 – BTC’s previous all-time high – the crypto market’s fear and greed index has tipped over 80, indicating “extreme greed” in the market. To be clear, Pizzino doesn’t believe this means that Bitcoin’s long-term outlook is negative. Rather, the reading suggests that BTC and other cryptos may be in for a shorter-term (traditionally one-to-two-months) correction as part of an overall bullish trend.