According to crypto strategist Jason Pizzino, Bitcoin's long-term trend is still bullish despite recent bearish price action. Pizzino maintains his bullish stance as long as Bitcoin remains above $20,000.
He notes that market participants are raising their bottom targets for Bitcoin, with calls for a plunge to $10,000 being drowned out by those expecting a bottom at $20,000. Pizzino suggests that the $24,000 level could offer support for Bitcoin in case of extreme trader sentiment.
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