Bitcoin Primed for Explosive Rally: Breaking Down the Next Bull Run Catalysts

Bitcoin's gearing up for a potential moonshot—and the charts are flashing green. Here's why traders are betting big on crypto's comeback kid.

The setup: Liquidity, leverage, and a hungry market

Whales are accumulating, spot ETFs are sucking up supply, and the halving's supply shock is finally hitting. Retail FOMO? Still MIA—which might be the healthiest sign of all.

The trigger: Ticking macro time bombs

With the Fed trapped between inflation and recession, Bitcoin's emerging as the ultimate hedge. Traders are pricing in rate cuts by Q4—and crypto always front-runs the money printer.

The cynical take: Wall Street's playing both sides

Same banks calling crypto a 'fraud' in 2022 are now quietly stacking BTC for clients. Guess they finally read the whitepaper—or just spotted the commission fees.

One thing's clear: When this dam breaks, it'll flood fast. Just try not to be the bag holder when the suits cash out.

$116,672’s price could surge by approximately 55% from its current level. According to Pizzino, several critical shifts in market dynamics must occur for Bitcoin to reach new all-time highs.

ContentsUSDT Dominance’s ImpactPrice Levels and Potential ScenariosMarket Conditions and Investor Monitoring

USDT Dominance’s Impact

In his latest strategy session, Pizzino emphasized the dominance of the stablecoin USDT over other digital assets. He suggests that a drop below a certain support level in USDT dominance is crucial for bitcoin to gain strong momentum.

“Unless the USDT dominance breaks at 3.7%, a true altcoin season and Bitcoin surpassing the $150,000 to $180,000 range seem unlikely. As long as USDT dominance remains between 3.7% and 4.8%, such an upswing shouldn’t be expected.” (Jason Pizzino)

As reported, USDT dominance stands at 4.35% at the time of writing. This value is among the levels that need to break downward for the anticipated Bitcoin rise to begin.

Price Levels and Potential Scenarios

Pizzino argues that specific price thresholds must be exceeded for Bitcoin to continue its upward trend. Notably, maintaining a position above $110,000 is highlighted as a positive signal by the analyst.

“I don’t want to see the market consolidate below $106,000. In the long run, this WOULD indicate weakness… In the worst-case scenario, the $99,000 level might be a slow-moving target for the next rise. However, the range between $110,000 and $111,000 is a strong zone for upward movement.” (Jason Pizzino)

The analyst notes that if the market performs weakly in August, the $110,000-$111,000 range should be monitored. Conversely, if the price dips below $99,000, a new period of weakness could begin.

Market Conditions and Investor Monitoring

At the time of writing, Bitcoin is trading at the $116,300 level. The analyst states that movements above this price level are favorable, but cautions should be taken regarding potential downward swings.

Considering Pizzino’s views, key indicators and price movements in the crypto market will continue to be closely monitored. His assessments may serve as a reference for those interested in Bitcoin and other digital assets.

However, it is noted that his predictions are based on personal evaluations and do not provide definitive outcomes regarding future market conditions. It is reminded that decisions related to research and investments should be taken individually and responsibly.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.