Cryptocurrency Analyst Jason Pizzino Outlook on Bitcoin

Cryptocurrency analyst and trader Jason Pizzino is leaning bullish on Bitcoin (BTC) but with some caveats.

In a recent video, Pizzino informed his 349,000 YouTube subscribers that despite Bitcoin falling to a three-month low earlier this week, it still has upside potential.

> “It’s just a countdown timer now for the end of the Bitcoin cycle, which could still have several months to go.”

He noted that for those not familiar, his outlook may sound gloomy, but he views it as preparation for future developments, potentially around August or September of 2025.

> “I still think that we’ve got further upside for BTC, to new higher highs because we haven’t seen any significant breakdowns.”

Pizzino highlights that a fall in Tether (USDT) dominance might positively impact Bitcoin’s price. USDT dominance is at a point of testing major resistance and might soon decline.

> “So the positive signs here are with the USDT dominance which has come out to test the upside levels [around 5.3%]… there might still be a little more upside here for USDT dominance which of course would mean you’d see further downside for Bitcoin and cryptos.”

However, he cautions that if USDT dominance rises above 5.5%, it could negatively affect Bitcoin and crypto assets as it would signal a loss of faith in the market.

> “The worst-case scenario is if it breaks past the diagonal downtrend which has held down the USDT dominance for the last several years. That would be worrisome for the bull market.”

Pizzino advises that the USDT dominance should ideally be rejected around 5.5% to maintain a positive market outlook and hopes it falls quickly back under 4.75%.

At the time of writing, Bitcoin is trading at $87,877, down approximately 20% from its all-time high on January 20th.

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