“Difficult” period. Analyst Jason Pizzino predicts the dynamics of the crypto market in September
The expert believes that the bear market is not over yet, and therefore we should not expect asset growth
03.09.2022 - 09:35
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What’s new? Cryptocurrency analyst Jason Pizzino said in his YouTube video that traders and investors will have a difficult period in September due to market “indecision.” According to Pizzino, the cryptocurrency’s bearish period is not over, and there are unlikely to be any “explosive gains” in the short term. Despite the pessimistic predictions, the expert argues that the worst is over for bitcoin, as the bull market will eventually return.
What else did the analyst add? Pizzino also noted that in such volatile times for the market, one should not succumb to fear of missing out (FOMO), which is quite common at the moment, as the period of “fear, uncertainty and doubt” (FUD) is behind us.
As of September 3, 08:00 UTC, BTC is trading at $19 783, the asset lost 1,64% in 24 hours, according to Binance.
Earlier, David Kelly, the chief global strategist at JPMorgan, a financial holding company, advised selling cryptocurrencies because of a high risk of a recession in the United States. He also recommended “steering clear” of bitcoin and large-cap tech stocks.
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