bitcoin The crypto analyst, who is known for buying assets at the bottom and selling them at the peak price, shared his current comment on the market.
The analyst, known by the alias DonAlt, stated that if BTC drops to the $19,000-20,000 support level, he will go into a bullish sentiment.
On a monthly basis, we still have some room to go. Technically $19,000, $20,000, that’s support. This is where I’m going to get very, very high up again. But we are not there yet. I took my position, so I take the loss with everyone else. I sold it at the top $25,000 and then repurchased it for $23,000.
According to DonAlt, if Bitcoin manages to break above the $23,500 resistance level, it could rally as high as $35,000.
“A good resistance here is $22,000, $23,000… Actually $23,500 is even clearer. And there is good support around $19,000 – $20,000. If we break the $23,500 resistance, pull back here and then bounce off, my next target is $35,000. I still believe that around $16,000 is actually the bottom.
NEWS CONTINUES BELOW
The analyst thinks that if Bitcoin pulls back above $23,000, a good buying opportunity will arise for BTC.
You can follow the current price action here.