Two crypto analysts, who are famous for their accurate predictions, think that there may be a meteoric rise in the cards for Bitcoin (BTC). The leading crypto’s surviving a series of doomsday scenarios in recent years could make 6-digit price targets stronger than ever…
DonAlt says Bitcoin now has a true story
The crypto analyst, who bought a large amount of Bitcoin from the bottom region late last year, updated his BTC forecasts in the light of the US banking crisis. According to Donald, Bitcoin now has a true story following the banking crisis in the US and around the world.
At this point, the crypto analyst believes that BTC will never fall below $20,000 again. He says bears will never be able to buy BTC from new lows again. You can take a look at the analyst’s accurate predictions from this article.
This literally just means I think $20k was THE low and we'll not go below it again
If I'm wrong the whole idea is wrong, but I doubt I am.
Given I don't know the future it's nice to know that I'll lock in 30% gains in the worst case anyway https://t.co/f91j3Stu49— DonAlt (@CryptoDonAlt) March 15, 2023
Donald also says he will continue to buy BTC, with an ultimate goal of $100,000. The point that the analyst draws attention to is that despite all the high-profile bankruptcies listed below, Bitcoin is approaching almost $ 30,000. Here are the events that Donald thinks show the true power of Bitcoin:
- Luna crashed
- 3AC is gone
- Celsius exploded
- Blockfi has been destroyed
- Voyager made a mess
- FTX crashed
- Genesis killed
- Bitzlato has been taken from us
- US crypto banks shut down
- Aggressive SEC intervention
Bitcoin may have started a bull market that will last for several months
This claim, made by another crypto analyst, Credible, is supported by Bitcoin’s latest rally, where it touched $26,400. The crypto strategist believes that Bitcoin (BTC) will experience a meteoric rise after a short period of consolidation. In the scenario he describes in the video he shared in his latest tweets, Bitcoin temporarily encounters resistance at $25,600, then finds support at $20,000 and gradually returns to its former highs:
New market UPDATE! $BTC rallies over 25% off of our major buy zone in a single bullish candle, breaking our local resistance and consolidating just below local highs. Watch below to see why this might just be the START of a major, multi-month rally. pic.twitter.com/NjRlOuaYHa
— CrediBULL Crypto (@CredibleCrypto) March 14, 2023
According to the crypto analyst, the pullback will most likely lead to a massive Bitcoin rally to $40,000:
We could potentially push these highs to $25,600 and then come back. The $22,000 area here will now be a significant support… So it’s definitely possible for us to take these highs and come here and consolidate a bit more, maybe wander around here and then continue for a more gradual rise.
Bears may never see these levels again
Credible thinks a drop to $18,000 is no longer possible given the recent strength of BTC:
I can’t ignore retesting these levels ($18,000). Again, it makes sense to retest these levels. But with that power and the aggression of this upward move, it presents other scenarios that make this kind of retest somewhat less likely.
Credible believes that in the case of a bullish Bitcoin as the chart above shows, the price will converge above the $25,000 price level before bursting towards its $40,000 target. cryptocoin.comAs you follow, BTC maintains its position in the $25,000 region after the rally on March 14.
