A prominent crypto strategist and trader has disclosed his price projections for Bitcoin (BTC) and two alternative digital currency projects.

During a recent strategic briefing, analyst Jason Pizzino, who commands a substantial following of 329,000 on YouTube, indicated that Bitcoin appears poised to breach critical resistance levels based on the Average True Range (ATR) indicator. This indicator gauges volatility by illustrating an asset’s trading range over a specified period.

“Observe the diminishing trend in the average true range here. In previous cycles, notice the pattern: the ATR surges, then tapers off until higher lows begin to form, marking a significant departure from the stealth zone,” Pizzino explained.

Source: Jason Pizzino/YouTube

Pizzino noted that historically, Bitcoin has executed stealthy upward movements when the ATR indicator hits a local low, while prices either consolidate or establish higher lows. His identified upside targets for Bitcoin include $63,300 on the daily chart, $65,200 on the weekly chart, and $72,000 on the monthly chart. Currently, Bitcoin is trading at $60,176, reflecting a decline of nearly 3% over the past 24 hours.

Moving on, Pizzino anticipates that Solana (SOL), a competitor to Ethereum (ETH), is on track to approach its current cycle peak.

“With successive higher lows and its attempt to surpass the 50% mark at $137, the next target on the weekly chart stands at $165. Beyond that, we look towards $190 and $210, with $190 representing a break above previous highs and $210 marking Solana’s current peak. It’s progressing towards these levels, albeit confirmation on longer-term timeframes like the weekly is still pending,” Pizzino remarked.

Source: Jason Pizzino/YouTube

Solana is presently trading at $141, marking an over 8% decrease in the last 24 hours.

Lastly, Pizzino predicted that Render (RNDR), a blockchain focusing on graphics processing unit (GPU) rendering, is positioned to reclaim a valuation in the double digits.

“To achieve this, we need to see sustained higher lows over the coming months, possibly up to four months, coinciding with upcoming events like the US presidential election… If these higher lows persist, it won’t deter my entry into the market should a breakout occur during this period,” Pizzino concluded.

Source: Jason Pizzino/YouTube

As of the latest update, Render is trading at $7.04, indicating a decline of 7.7% within the last 24 hours.

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