Aussie Analyst Reveals What Traders Should Do This Bitcoin Cycle

Jason Pizzino, a full-time macro investor and renowned crypto trader in Australia, says Bitcoin and the crypto market will continue their usual cycles regardless of who takes office in the US. 

Related: Crypto Continues to Grow, 65% HODL Long-term, Says Gemini Report

Will Bitcoin Reach US$90K?

On his YouTube channel, Pizzino posted a video titled: Our 4-Year Cycle Is REPEATING Like Clockwork. He kicked off the video by reviewing recent headlines in the crypto market, particularly from Bernstein Research, which said BTC could break US$90K (AU$134K) if Trump is reelected.

In the article, Bernstein analysts said Bitcoin is a “Trump trade” and that the outcome of the US Presidential Election in November can either make or break Bitcoin. If Trump is re-elected, analysts claim BTC will reach heights of between US$80K and US$90K by the end of the year. 

But, if Vice President Kamala Harris were to win the elections, BTC could crash as bad as US$30K (AU$44K).

Related: Bernstein Predicts $90K Bitcoin with Trump Win, Below $40K if Harris Wins

That’s quite a bold prediction, to which Pizzino responded that it doesn’t matter who takes office, as Bitcoin will continue its cycle and potentially reach US$90K. While the outcome of the upcoming elections might affect certain “areas of the cycle”, it ultimately doesn’t matter:

I don’t care who the president is. What will happen, will happen regardless of which one is in (…) the cycle is the cycle.

Jason Pizzino

Pizzino also said that it’s probably “not good for Trump lovers” out there that Trump takes office. He notes that although the markets might be up, starting from 2026 onwards, the crypto market could be in a bearish scenario as the bullish cycle comes to an end.

Bitcoin and Macro Markets

Pizzino talked about the recent performance of US indexes, primarily the S&P 500, which is currently trading at 5,554, a 1.07% increase from yesterday. However, the chart indicates a downward trend, which could mean more pressure on the stock market.

He advised traders that it doesn’t matter what happens in the short term because it’s just sellers brushing off weak hands. Moreover, smart money will start buying at the new lows, and forming new key support levels.

In Pizzino’s analysis, the stock market, real estate, Bitcoin and the crypto market have witnessed long-term price increases. Even though we’ll likely see pullbacks in the short term, there has been longer-term sustainability in price since Covid, which Pizzino believes mark the start of the second real estate cycle.

Keep on HODLing

Regarding Bitcoin’s potential performance in the upcoming years, Pizzino had to make a remark regarding the usual chaos that accompanies the four-year cycle.

He stated that there’s no reason to believe that this halving cycle will “screw people up” like it during other occasions. In other words, that would mean we could avoid a price depreciation of over 70% as it happened during the bearish scenarios from early 2022 all the way to late 2023. 

Moreover, Pizzano stated that the signals have not suggested that Bitcoin is about to go into a major bear market like it did in 2022. While we can expect corrections that could last a few months, we’re still in a bullish trend, considering a more macro sense.

Related: Glassnode: Bitcoin Hash Rate Hits New Highs, Yet On-Chain Exchange Volumes Show Investor Hesitancy

Considering how fear has gripped the market, it’s understandable to think about bear markets. The Fear and Greed Index is at 31, close to extreme fear, and spot Bitcoin exchange-traded funds (ETFs) have been witnessing over US$1B (AU$1.4B) in outflows since August and early September.