Here’s a realistic Bitcoin (BTC) bottom prediction, according to crypto trader Jason Pizzino

A well-known analyst and trader is predicting a final phase of capitulation for Bitcoin (BTC) before the crypto king could realistically bottom out.

In a new video, crypto strategist Jason Pizzino tells his 275,000 YouTube subscribers that Bitcoin has failed to enforce a classic bottom pattern and now appears poised to print a new bear market bottom.

“When you get a signal like this – double bottom, every particular signal like this fails – you can see the breakdown here, once this falls below this low ($18,600) that is a double bottom failure. That usually means you will see lower prices, significantly lower prices than this current low ($18,600).”

Source: Jason Pizzino / YouTube

Although the crypto analyst is predicting a new slide for Bitcoin, he believes the correction will not be as drastic as what BTC experienced from January to June this year.

He also gives a range where Bitcoin could realistically bottom out.

“We always pay very, very close attention to what market sentiment is doing and market sentiment is fearful. So the discount might not be that big. It might be $13,000, $14,000, $15,000, $16,000, but it will be extreme in terms of emotion. People are going to feel really, really bad about the relegation.

But if you look at it in terms of dollar value, we’ve seen much larger dollar moves on the way down. I don’t expect it to play out like this (November 2021 to January 2022) or like this (March 2022 to June 2022).”

At the time of writing, Bitcoin is changing hands at $18,929, down 3.51% on the day.

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