Bitcoin could be on the verge of a powerful breakout, according to widely followed crypto analyst Jason Pizzino. In a new video shared with his 350,000 YouTube subscribers, Pizzino highlights several key market indicators that suggest Bitcoin is setting up for a significant move to the upside. With the price currently hovering around $95,000, he believes the technical setup and macro environment are aligning in favor of bulls.

Pizzino starts by pointing to Bitcoin’s recent breakout above its March monthly high. This move, he explains, has effectively canceled out a bearish signal that previously called the market tops in both December and March. That same signal led to a notable 30% correction earlier this year. But this time, Bitcoin has defied expectations by pushing higher, reaching a level that invalidates the downward trend. The reversal of that macro signal is a strong indication that bearish momentum has weakened significantly, paving the way for upward continuation.

Another crucial factor in Pizzino’s analysis is the performance of the U.S. dollar. The U.S. Dollar Index (DXY), which measures the dollar against a basket of foreign currencies, has closed at its lowest weekly level in over 37 months. He notes that historically, Bitcoin tends to rally when the dollar weakens. A declining DXY typically reflects reduced demand for the U.S. dollar, which often leads investors to seek alternative assets like cryptocurrencies. With the DXY showing sustained weakness and the monthly close approaching, conditions could be ripe for another leg up in Bitcoin’s ongoing bull market.

In addition to technical and macroeconomic factors, Pizzino also draws attention to developments in stablecoin dynamics—specifically Tether (USDT) dominance. Tether dominance tracks the share of the crypto market that is held in USDT relative to other digital assets. When this dominance falls, it’s generally interpreted as a sign that traders are moving capital out of stablecoins and into riskier assets such as Bitcoin and altcoins.

According to Pizzino, USDT dominance is now breaking below several important support levels. While it’s still holding above the 50% mark—a key psychological threshold—the current breakdown suggests that investor appetite for higher-yield assets is increasing. This shift in capital allocation could provide additional fuel for Bitcoin’s next rally, especially if momentum continues to build in the broader crypto market.

Market data supports this optimistic view. At the time of writing, Bitcoin is trading at approximately $95,252, up 2.5% in the past 24 hours. The latest price action follows a steady recovery throughout April, with Bitcoin reclaiming key support levels and continuing its gradual climb toward the highly anticipated $100,000 milestone.

Institutional interest also appears to be returning. Recent inflows into Ethereum-based exchange-traded funds (ETFs) have reignited optimism around crypto as an investable asset class. While this trend has been most noticeable with Ethereum, Bitcoin often benefits from the same investor sentiment. As traditional finance increasingly embraces digital assets, institutional capital could further boost Bitcoin’s upside potential.

Pizzino’s outlook reflects a broader sentiment shift across the market. While volatility remains a concern and unexpected events can always disrupt momentum, the alignment of technical indicators, macroeconomic trends, and investor behavior suggests a bullish scenario is taking shape. The breakdown of bearish signals, the weakening of the U.S. dollar, and declining stablecoin dominance are all pointing toward a market ready to move higher.

As always, caution is advised when interpreting market signals, particularly in the highly speculative world of cryptocurrencies. However, for now, the prevailing indicators are tilting in favor of a bullish breakout, and all eyes will be on Bitcoin to see if it can carry this momentum through the crucial $100,000 barrier in the coming weeks.