Cryptocurrency Analyst: Bitcoin is expected to adjust to around $37,000 in the short term

Cryptocurrency analyst and Tia Crypto blog owner Jason Pizzino believes that due to the upcoming Bitcoin halving and the US presidential election, smaller cryptocurrencies are expected to outperform Bitcoin in terms of price increase this year.

Pizzino points out that the Bitcoin halving may pause market corrections, while the election could be a bigger event. He predicts that Bitcoin will adjust to around $37,000 in the short term. Although BTC and Ethereum are expected to gain profits this year, analysts believe that smaller cryptocurrencies will perform better in the later stages of a bull market.