Bitcoin, in recent days, gaining momentum over $ 95,000, while crypto money analyst Jason Pizzino made promising evaluations on the market. Pizzino, which addresses 350,000 YouTube subscribers, said that technical signals were reversed and that Bitcoin may have entered a new rise process by crossing the March summit.
Technical signals changed in favor of the bulls
According to Pizzino, Bitcoin’s crossing the peak in March led to the invalid of negative signals that trigger harsh decreases in last December, January and March. The analyst argues that with the overcoming of this level, the decline trend on a macro scale is now over.
“Bitcoin broke the highest level of March. This canceled the summit signals on December and January. The same signals had worked in March 2024 and caused more than 30 %decrease, Piz said Pizzino, said that similar structures were working on rise this time.
While the cancellation of these signals leads to re -confidence of investors, there is a positive transformation in the market perception. This change in technical analysis increases the likelihood of a stronger position by going beyond Bitcoin’s short -term goal.
US dollar weakens, BTC shines
Another point that Pizzino attracted attention was significantly slimming in the US Dollar Index (DXY). The lowest closing of the last 37 months was the dollar, and in the past, Bitcoin has come to the fore as one of the dynamics.
“The US dollar saw the lowest level of 37 months in the weekly graph. The moon closure is also approaching. This kind of decreases usually trigger hard movements in the BTC, the analyst said that the weakening of the dollar could create new opportunities for Bitcoin.
Historically, it is known that there are jumps in the price of Bitcoin after such decreases in DXY. Investors reconsider their positions against the possibility of repeating this scenario.
The decrease in USDT domination draws attention
Another factor working in favor of Bitcoin stands out as a regression under the market domination of USDT (TETHER). USDT Dominance is considered an important indicator that investors are turning out of stable coins and turning to risky assets.
Pizzino, on this issue, “USDT Dominance has broken the critical levels we follow. But still remains above the limit of 50 %,” he says that this change is not yet fully clarified, but should be followed, he says.
The decrease in USDT domination may mean that liquidity shifts to Bitcoin and other large crypto currencies. This is interpreted as the preliminary signal of a new wave of ascension in the markets.
Bitcoin is traded for $ 95.252 at the time of writing and has increased by 2.5 %in the last 24 hours. Technical signals, depreciation of the dollar and decrease in USD Dominance, pave the way for more mobility in the short term.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
