bitcoin Correctly predicting that the price will rise above $20,000, DonAlt maintains its bullish sentiment.
The analyst, known by the pseudonym DonAlt, commented on Bitcoin’s strong performance last week on his Twitter account with more than 450,000 followers. According to the analyst, this performance is an indication that the bears are starting to lose momentum.
“Weekly close is above $19,300 and we have reclaimed the first major support since the peak price or the beginning of the bear market. This is a detail that will make a big difference and I cannot ignore it.”
While preparing the news, Bitcoin DonBottomIt is trading well above the key support level at around $21,300. The analyst believes that $32,000 is possible once this key level is breached.
I’m a Believer in Bitcoin’s Rise
Koinfinans.com As we reported, the analyst stated that he will maintain the bullish sentiment in the long term as long as the price action does not meet one of the three conditions.
“There are three ways the bears are signaling that they will get stronger again. Losing the $1,18,000 level. We see a major weakness at $2,32,000. 3, Reaching the peak price and falling to $60,000. Apart from these three scenarios, my guess is bullish.”