Famous analysts of the crypto money market came before investors with new strategies for the leading cryptocurrency Bitcoin! So what’s next for Bitcoin? Here are the details…
The analyst, who sold his coins, announced new critical levels for Bitcoin!
Expertly predicting the reversal of the crypto currency trend this year, crypto money analyst DonAlt explained to his more than 480 thousand followers on Twitter that the leading cryptocurrency Bitcoin is trading between key levels, and announced that he will wait for a while for now. The analyst has had critical analyzes for a few days on when to retrace the $ 30 thousand level. According to the crypto strategist, he is looking for a $30,000 recovery or a correction to $20,000 before he re-accumulates the crypto king. Here are the words of the analyst:
The overall plan for me is: If we manage to get the $30,000 back. I get back the BTC I sold at $30,200.
If we retest $20,000, I’ll buy BTC again. Between these two situations, I wait calmly.
DonAlt also warns both BTC bulls and bears that it is possible for Bitcoin to witness a few months of decline before a clear trend emerges.
Maximum pain is flat across all markets. There are so many speculators everywhere, end them, get them to find normal jobs again, make people like me junk on the internet. Then again, only an uptrend can occur.
‘Although the crypto analyst thinks that Bitcoin will be traded in a wide range as long as it is below $30,000, he does not believe that BTC will return to the lows of the bear market at $ 15,700. “I said we will not see new lows again.” in his words. Instantly, BTC is trading at $ 27,839.
On the other hand, popular analyst DonAlt had accumulated from the bottom by investing in many cryptocurrencies in November last year. Last week, the famous analyst sold his holdings after making huge gains from holdings in Bitcoin (BTC), Litecoin (LTC) and XRP.
$BTC ~ Up 72%$LTC ~ Up 43%$XRP ~ Up 40%
Don't quite understand the current panic but oh well
— DonAlt (@CryptoDonAlt) March 28, 2023
So, what do other analysts think about Bitcoin?
cryptocoin.com As we mentioned, as a result of the hash rate wars in 2018, the price of Bitcoin dropped from about $ 6,000 to $ 3,000. This sudden drop created a local bottom for BTC, followed by 107 days of consolidation. This consolidation ended on April 1st when the Bitcoin price surged and formed a bullish divergence on the daily chart. After this setup, there was a 173 percent rise in two months and BTC formed a local top at $13,880.
A similar setup has occurred in 2023, suggesting that continued bullishness is likely to lead to a similar outlook. While a 173 percent rise is unlikely, investors can expect Bitcoin price to sink deeper into the weekly Bearish Breaker zone stretching from $29,247 to $41,273. Possible targets are explained as $35,260 which is the midpoint of the mentioned breaker and $41,273 which is the high point of the range.
According to experts, with an ongoing uptrend towards the $35,260 and $41,273 levels, there could be a pullback to the two key levels of $25,205 and $24.303. After that, there could be a rise to the $35,260 and $41,273 levels. According to experts, the second scenario will give marginal investors an opportunity to accumulate BTC.
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