A prominent crypto strategist and trader has shared his price predictions for Bitcoin (BTC) and two alternative digital assets.

In his latest strategy session, analyst Jason Pizzino addressed his 329,000 YouTube followers, highlighting Bitcoin’s potential to surpass critical resistance levels based on the Average True Range (ATR) indicator. The ATR gauge assesses volatility by illustrating an asset’s trading range over a specified period.

“The gradual decline in the average true range is evident here. In previous cycles, we’ve observed a pattern where the ATR surges, diminishes over time, and eventually stabilizes, leading to the formation of higher lows. At this stage, we’re notably distant from the stealth zone,” Pizzino explained.

According to Pizzino, Bitcoin historically executes stealthy upward movements when the ATR indicator hits a local low, while prices either consolidate or establish higher lows. His upward price targets for Bitcoin include $63,300 on the daily chart, $65,200 on the weekly chart, and $72,000 on the monthly chart. As of the latest update, Bitcoin is trading at $60,176, marking a decline of nearly 3% over the past 24 hours.

Moving on, Pizzino turned his attention to Solana (SOL), positioning it for a potential peak in its current cycle.

“Given the sequence of higher lows and its attempt to breach the 50% mark at $137, Solana’s next objective on the weekly chart is $165. Subsequently, targets extend to $190 and $210. Notably, $190 surpasses previous highs, while $210 represents Solana’s current peak. It’s progressing towards these objectives, though longer-term validations, particularly on the weekly timeframe, are pending,” Pizzino stated.

Solana is presently trading at $141, reflecting a decline of more than 8% in the past 24 hours.

Lastly, Pizzino shared his expectations for Render (RNDR), the blockchain specializing in GPU rendering, anticipating its resurgence to double-digit values.

“To reach this milestone, we anticipate a sequence of higher lows over the next few months, possibly extending to four months, coinciding with upcoming events like the presidential election. Continuous formation of higher lows will strengthen our conviction, and a breakout during this period won’t deter our market entry,” Pizzino affirmed.

Render is currently trading at $7.04, showing a decrease of 7.7% over the last 24 hours.

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[Image: Midjourney]

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