Bitcoin has been hovering around the $30,000 mark for several weeks, but according to notable crypto analyst Jason Pizzino, the cryptocurrency is on the verge of a breakout. Pizzino, who believes that Bitcoin is no longer in a bear market, predicts that its price could surpass $42,000 in the coming months. However, he cautions that there may be additional corrections along the way. It is important to note that Bitcoin’s total supply is set to halve in the first half of 2024, which may serve as a catalyst for price appreciation. This suggests that Bitcoin could remain strong into the next year as well.
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