Has bitcoin become steadfast enough not to crumble?

In April, bitcoin prices hit the $30,000 mark. A level they had not reached for several months. It is true that the price of bitcoin (BTC) fell from this course thereafter. Nevertheless, this episode seems to have demonstrated the relevance of the asset. For some, the latter would now be a rock that nothing can shake.

No more bad circumstances can affect bitcoin

Although at half mast despite the banking crisis, bitcoin (BTC) continues to strengthen the optimism of its defenders. Many of these believe, hard as iron, in the dynamism of the queen of crypto.

So, someone like crypto trader Jason Pizzino thinks the flagship crypto has a bright future ahead of it. According to him, the asset has acquired such robustness over recent market circumstances that nothing can affect him anymore.

For the analyst, this perspective is obvious. When an asset manages to defy the heaviness of the market to impose itself, what can happen to it? Especially not damaging things like the melting of its courses!

In the case of bitcoin in this case, a crash is therefore not on the agenda according to Pizzino. He argues that the flagship crypto can only see an uptrend, even if it is the status quo currently.

This is because it has shown consistency by trading above $25,000 in recent weeks. “For almost two months, BTC has been trading at over $25,000. Despite all the bad news we’ve seen in the markets, nothing will stop it from hitting $30,000, $40,000, or even $50,000 this year.”said Pizzino.

Bad news for opportunistic bitcoin investors?

According to the crypto trader, those hoping for another price crash to afford bitcoin would be surprised. The reason has to do with the failure of previous crypto price decline predictions.

“When this bearish signal fails and it is exceeded, which means it has failed, it is most likely a bullish signal, and a bullish macro signal”argues Jason Pizzino.

So what could we expect? Reaching new heights in the weeks to come? Anything can happen in this extremely volatile market. For now anyway, BTC is worth just over $29,000. It has increased by 1.14% in the past 24 hours.