Bitcoin Faces Critical Resistance, Warns Analyst Jason Pizzino
- Bitcoin is currently trading at $102,274, approximately 6% below its all-time high of $109,000.
- The cryptocurrency has struggled to close above the $105,000 resistance level over the past four days.
- Key support levels are identified in the low $90,000 range ($91,000 to $94,000).
- A breakdown below these support levels could weaken Bitcoin’s bullish prospects.
- Pizzino suggests that maintaining above these levels through May could signal potential upward movement.
Analyst Jason Pizzino highlights Bitcoin’s struggle to surpass a crucial resistance level at $105,000. He emphasizes the importance of holding above key support in the low $90,000 range to sustain bullish momentum.
Source (2.6)https://dailyhodl.com/2025/05/16/bitcoin-flirting-with-danger-as-btc-faces-major-resistance-level-says-trader-jason-pizzino-heres-his-outlook/?rand=59076
