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Crypto strategist Jason Pizzino predicted that Bitcoin is consolidating around $60,000 and could make a major breakout in the coming months.
According to cryptocurrency media outlet Daily Hodl, analyst Ficino pointed out to his 329,000 YouTube subscribers that Bitcoin tends to bore people before it starts a big rally.
It is said that similar behavior was observed around this time last year, and that it has surged about three times since then.
“This big rise will surprise many people,” Ficino predicted. “Bitcoin has made a big move after preparing for it for the past seven months, rising from $25,000 to $74,000. There will be a similarly significant move this time,” Ficino predicted. .
Ficino also noted that Bitcoin is currently showing a pattern similar to the bull market of 2016-2017. The 2016 bull market started slowly, but eventually culminated in an exponential rise that lasted more than a year.
Ficino believes Bitcoin is likely to see a big rally in the coming months, and expects continued gains for three to five quarters.
