Popular crypto analyst Jason Pizzino thinks Bitcoin (BTC), crypto and the stock market are all primed to surge in the coming months.
In a new YouTube video, Pizzino tells his 295,000 subscribers that he thinks BTC will hit $42,000 before the top crypto asset’s halving, which is currently slated to happen in mid-April.
In terms of his macroeconomic outlook, Pizzino believes both the S&P 500 and the NASDAQ 100 are primed to hit all-time highs during this market cycle.
“It looks like things are going to get very, very explosive, and I don’t think people are prepared for how crazy the markets are going to get. This isn’t going to happen tomorrow, or next week, or next month – it might even take a little more time than that. Possibly into late 2024.”
Bitcoin is trading at $36,328 at time of writing. The top-ranked crypto asset by market cap is down more than 3.5% in the past 24 hours.
Earlier this month, Pizzino said historical patterns indicated a true altcoin season will arrive sometime around October 2024.
He based his prediction on Bitcoin halving events, which occur every four years. Pizzino says that prior BTC bull market cycles generally last three years with the first 18 months leading to increases that confirm the bullish uptrend, followed by 18 months of huge gains.
The analyst says the altcoin season traditionally begins in the second half, months after the halving event.
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