Jason Pizzino, an analyst and trader, suggests that the crypto market may be approaching the end of its current cycle.
In a recent video, Pizzino informed his 348,000 YouTube followers that most of the significant gains for this cycle have already occurred.
He noted that Bitcoin (BTC) has seen a substantial increase, up over 500% since November 2022, indicating limited upside potential moving forward.
“It seems like most of the gains have already been made… I’m now taking a more conservative approach,” Pizzino stated.
Bitcoin’s current price is $98,912.
Regarding Ethereum (ETH), Pizzino predicts a potential increase of 187% to 258% from the current level if certain conditions are met.
He believes Ethereum is unlikely to reach extreme price levels like $12,000 or $15,000 and suggests a more modest target between $8,000 and $10,000.
Ethereum is currently trading at $2,790.
Pizzino also mentioned the native token of the Sui blockchain, stating it still has reasonable potential for a rally of over 190% from its current value.
“Sui appears to be showing strength and could potentially reach $10 or even $12, representing a significant increase from its current price,” he added.
The current price of Sui is $2.95.
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Generated Image: Midjourney