Opportunity to accumulate Bitcoin (BTC) is nearing its end, says crypto analyst Jason Pizzino – Here is the timeline

Popular crypto analyst and trader Jason Pizzino sees signs that Bitcoin (BTC) is currently in an accumulation phase.

Pizzino tells his 279,000 YouTube subscribers that Bitcoin may have just a few months left in the late-stage bear accumulation zone based on its Market Value to Realized Value (MVRV) ratio.

“We may only have five months until bitcoin is below that [MVRV accumulation] Zone that has historically called for some pretty good buying opportunities before the market starts accumulating to higher prices like it did in 2015 and again in 2019 and 2020 and then moves on to the next bull markets.”

MVRV readings below one indicate strong market capitulation and that accumulation is underway. Bitcoin’s MVRV ratio is currently below 0.85 at the time of writing.

As for whether Bitcoin is likely to break below the 2022 low of around $15,600, the crypto analyst and trader says:

“For many investors, it can be easy to get left behind because they expect prices to go down. But a lot of data shows that if we haven’t hit that exact price bottom in bitcoin, we’re probably somewhere around that.”

According to Pizzino, if resistance at the $18,500 level is strong, bitcoin could bottom out between the $13,000 and $14,000 prices.

“We want to see if bitcoin will test these upper prices, hit this $18,500 first, that will be a key level. I think if we break that we will likely make a higher low in the March-April period.

But if we don’t, if we are unable to scale above that $18,500, then we will likely make a lower low.

how far down That’s everyone’s guess. But if we use some of the probabilities and look back at the chart if we look at history then we would have to say it’s going to be somewhere around $13,000 to $14,000 which has historically held the market.”

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