Jason: The Hidden Crypto Signals You’re Missing

Jason: The Hidden Crypto Signals You’re Missing; In his latest market analysis, renowned crypto analyst Jason Pizzino suggests that Bitcoin (BTC) is flashing hidden bullish signals. He also predicts a potential scenario for the TOTAL3 chart (measuring altcoin value) that mirrors the market’s performance in 2020.

Key Takeaways

• Bitcoin’s Hidden Movements: Pizzino highlights Bitcoin’s Average True Range (ATR) indicator, noting that local dips in this indicator have historically triggered price consolidation and subsequent rallies. He believes BTC is making similar covert movements, suggesting the time for a bullish surge could be near.
• The 2020 Parallel for Altcoins: Pizzino points to the TOTAL3 chart, which tracks the combined value of all cryptocurrencies excluding BTC, ETH, and stablecoins. He sees a potential breakout similar to the one in 2020, signaling a possible hidden bullish signal for altcoins.

Bitcoin’s Silent Rally

As of this writing, Bitcoin’s price hovers around $67,600. Pizzino emphasizes that if Bitcoin can maintain its position above the $56,000 to $60,000 range, it could be poised to break its all-time high. He draws a parallel between the current market conditions and the early days of the COVID-19 pandemic, which saw a significant Bitcoin rally.

Pizzino explains, “If we had been getting into the $1,500 to $2,000 range (for ATR) per day and Bitcoin was still setting roughly higher lows or holding that $56,000 to $60,000 level, that would have been a sign that we were ready to turn around and go higher.”

Altcoins on the Verge?

Pizzino’s optimism extends to altcoins. He sees the potential for a significant breakout in the TOTAL3 chart, reminiscent of the market’s performance in 2020. “I want to show you the hidden move in the total crypto market cap excluding Bitcoin and ETH, so this is for all the altcoins… This is just the mindset, the market sentiment (here) is showing signs of not dying, which to me is more of a hidden (bullish) move.”

What This Means for Investors

Pizzino’s analysis suggests that the crypto market might be on the cusp of a significant upward movement. While Bitcoin appears to be consolidating its position, altcoins could be preparing for a breakout. Investors should keep a close eye on these hidden signals as they could indicate a promising opportunity for growth in the crypto market.

Disclaimer: Jason: The Hidden Crypto Signals You’re Missing: This article is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any investment decisions.