Bitcoin (BTC) And cryptocurrency The analyst, who uses the nickname DonAlt, who draws attention with his determinations about the market, in a new YouTube video. bitcoin He said he sold half of his portfolio.
Bitcoins he sold FTXStating that he bought it during the November 2022 collapse that came with the bankruptcy of , the analyst explains the reason for selling as waiting for a decrease in BTC according to his technical analysis.
“Looking at the Bitcoin chart, I see that the monthly close and the weekly close are at resistance.
In other words, if we buy a red candle at the weekly close, there is a possibility that this month’s close will also close with a red color. This means that the resistance is held.
I also see a move for Bitcoin to go to $19,000. Why $19,000? Because that’s the best monthly support we have.”
Another reason to sell bitcoin S&P500 Stating that it has an index, DonAlt made the following statements in his statement:
“I found the S&P 500 index to be pretty weak against resistance. And I was waiting for the S&P to pull back drastically, and it did.
I’m having a really negative week that I expect to reflect on the crypto markets.
Looking at all the timeframes in Bitcoin, it doesn’t look this good for the first time since the bottom.”
*Not investment advice.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price tracking right now by downloading our apps!