A crypto trader and strategist with a large following says he has chosen to remain bullish on Bitcoin (BTC) until the price action proves him wrong. cryptocoin.com Crypto trader and analyst, nicknamed DonAlt, whom we also covered in the news, accurately hit $ 6,100 for Bitcoin on March 28. Apart from that, DonAlt managed to correctly predict Bitcoin’s 44% rally at the beginning of January. The strategist also successfully predicted the peak where BTC surged above $10,300 on February 12.
“I will continue to be bullish until I see weakness in BTC”
In a new strategy session, crypto analyst DonAlt says that Bitcoin (BTC) is currently facing a weak resistance area on its weekly timeframe as the leading coin continues to trade above $50,000:
For me you can argue that this is a $60,000 resistance. But for me this has been tested so much. I think there’s a good chance we’ll be checked out here for a while. But I don’t think it will last longer. So, I will keep buying until I see weakness. Right now, I don’t really see much of a weakness. So I’m a bull until proven otherwise.
The sky is clear for the leading crypto Bitcoin (BTC), according to DonAlt
Looking at the daily time frame, crypto strategist DonAlt says the sky is clear for Bitcoin (BTC).
Right now, in the daily time frame, I think there is no resistance left, which is pretty good. As long as we hold $50,000, even short timeframes look like silly bullishness.
As for what it would take for BTC to change its bullish outlook, crypto analyst DonAlt states that a 20% correction from Bitcoin’s current value of $54,675 would be enough to reverse its stance:
Anything here is bull in my opinion. So anything over $44,000 and that’s a bit far now. This override has not changed. If you start coming back there, then that’s your multiple-tested low ($40,000). I don’t think they will hold up again.
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