Donalt, one of the well -known analysts of the crypto currency market and foresees the current bull cycle, evaluated the worst scenario for the price of Bitcoin (BTC). Addressing 657,500 followers in the social media platform X, the analyst claimed that Bitcoin could repeat the collapse of the Middle Taurus market in 2021. Here are the details…
2021 prediction for Bitcoin price
Crypto money markets, Bitcoin’in $ 95 thousand to 85 thousand dollars shaken by decline. This revealed the worst scenarios. Popular analyst Donalt thinks that we will re -experience the collapse of the bull market in 2021. Kriptokoin.comAs we have reported as, in the 2021 bull market, Bitcoin lost more than 50 %value in a three -month period, but in November, even though it rose to $ 69,000 by managed to compensate for all its losses, it ended the bull cycle by not overcoming this level.
According to Donalt, if Bitcoin follows a similar path, after a 50 %withdrawal, it can be recovered and see the highest level of all time (ATH), a new $ 110,000. However, in this scenario, BTC may lose most of its earnings and enter the bear market. Analyst evaluated this with the following words:
We are in the worst scenario for me. I am curiously waiting to see how to go.
Analyst also touched on the halving cycle
Alternatively, Donalt argues that in the best optimistic scenario, Bitcoin moves away from the four -year Halving cycle. Bitcoin HALVN’i, the miner’s awards halfway, causing a change in the supply-demand balance and historically associated with BTC rally. However, the Analyst says that Bitcoin can enter a fixed upward trend this time and that the necessity of trying to capture the peak points in the market can disappear:
This cycle is very calm. Just be comfortable. What if the market rises? Great, you earn money. If it falls? What happens, maybe it rises again. Previous loops were spent trying to sell the peak and bottom points. This time I just chose a peaceful indifference.
About Bitcoin’s current situation, the analyst said that BTC could win the level of $ 90,000 before the weekly closing. Although the BTC temporarily fell below 80,000 dollars, it showed recovery. At the moment, Bitcoin is traded at $ 86,351 by increasing more than 2 %during the day.
