Bitcoin May Rally Further Despite Real Estate Cycle Nearing Peak

Analyst Jason Pizzino believes that Bitcoin and U.S. stocks may still have room to rally despite the economy approaching the latter stages of an 18-year real estate cycle.

Pizzino's framework is based on historical data, which shows that risk assets typically don't peak at the same time as property markets. In his podcast, he pointed out earlier real estate cycle peaks around 1972, 1989, and 2006, when the stock market continued rising afterward in each case before eventually turning lower.

The U.S. real estate peaked around 2006, while stocks didn't reach their major high until roughly 12 to 18 months later. Pizzino sees this as a reason why Bitcoin hasn't entered another major leg lower and believes it could continue recovering if U.S. equities remain structurally strong.

Pizzino identified $83,000 as an immediate level that Bitcoin still needs to break, followed by its previous peak near $120,000. He floated a potential move toward $120,000 to $140,000, although he stressed that these levels were illustrative rather than firm price targets.