Good morning Bitcoin: Jason Pizzino predicts bitcoin price at $113,600

Good morning! We have listed the latest news for you. Start the day with a bitcoin breakfast.

Sam Bankman-Fried (SBF) was told by the judge yesterday that he must live for 25 years. For many “investors” this was a reason to dive into SBF memecoins, causing the prices of those coins to shoot up in all directions yesterday.

Just hours before his conviction, a developer launched Sam Baseman Fraud, with the ticker $FTX on Coinbase’s Base blockchain.

In just seven hours, the SBF memecoin managed to rise by more than 23,300 percent. As a result, the coin ended up with a market cap of 1.5 million dollars, which of course means nothing in the big picture. Even compared to other major memecoins, it is nothing.

According to Dutch analyst Michaël van de Poppe, it is a matter of time before altcoins “wake up.” To achieve this, bitcoin must manage to stay above the “crucial price level” of $67,000, the analyst says. “As long as bitcoin remains above $67,000, we can make another attempt at an all-time high,” said Van de Poppe.

#Bitcoin holds above crucial levels.

As long as it stays above $67K, we’ll be good to have another ATH test.

Overall, upwards returns seem relatively skewed for Bitcoin pre-halving. pic.twitter.com/ZE4RyS4BUw

— Michaël van de Poppe (@CryptoMichNL) March 28, 2024

When it comes to altcoins, Van de Poppe says timing it right is crucial because they have a “narrow window” in which profits must be converted into bitcoin.

Ultimately, Van de Poppe is mainly bullish about bitcoin in the long term and sees altcoins mainly as a means to trade more bitcoin together.

Popular analyst Jason Pizzino regularly sheds light on the bitcoin charts. At the moment, the analyst is bullish and sees a scenario in which the bitcoin price can climb to the level of $ 113,600.

That seems unlikely now, because we are already struggling to keep the $70,000, but crazier things have happened in the bitcoin world. For Bitcoin’s next price movement, Pizzino expects a jump to the $78,000 to $82,000 level. For this, Pizzino relies on the TIA Gann Swing indicator, a mechanism tool that helps analysts determine the trend of the market.

According to Pizzino, bitcoin must first shoot past $72,500 and then reach a new all-time high at $74,000. He then sees the bitcoin price starting to rebound towards $78,500.

Ultimately, Pizzino believes that Bitcoin’s next rebound should end at the level of $78,000 to $82,000.

Based on its chart, it seems important for Bitcoin to turn the price from $82,000 into a support point. If that is successful, the focus can be on the price levels of 87,000, 96,000 and 113,600 dollars.