Popular analyst Jason Pizzino issues crypto market warning for ‘difficult’ September
A widely followed crypto trader expresses bearish sentiment for Bitcoin (BTC) and the larger digital asset markets in September.
Crypto analyst Jason Pizzino tells his 275,000 YouTube subscribers that traders and investors will have a tough time in September due to market indecision.
“September is going to be indecision.
These times are some of the hardest because they can be bumpy and bumpy.
Getting false highs and lows, thinking the market is going to take off without you, getting sucked into FOMO [fear of missing out]and then drop out when it comes to R&D [fear, uncertainty and doubt].
If we can avoid them and understand that there’s a very high possibility of it showing up in September, then hopefully that can save us a lot of money and heartache and brainpower.”
According to the analyst, the crypto bear market is not over and it is unlikely that there will be any “explosive gains” in the short term.
“Don’t carry over yet. So this is the twist, but there may be some lower prices…
I don’t see any explosive gains, generally speaking. And of course for Bitcoin, I can’t see this thing going up to $40,000 or so.
Happy to be wrong, and I’d probably take some profit if it did, because I guess it would fade out again.
But yeah, overall from what I’ve seen earlier in the data, no explosive gains in September.”
However, Pizzino says the worst is over for Bitcoin as a bull market eventually returns.
“I think the worst is potentially over for Bitcoin. The bull is clearly coming…”
Bitcoin is trading at $19,922 at the time of writing.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/Tithi Luadthong/klyaksun
