The analyst named DonAlt, who knew the bottom of the Bitcoin price in 2022 correctly, made a striking prediction about the peak levels. According to the analyst, there is one main “resistance” point that must be broken to reach previous highs. Here is the analyst’s remarkable comment.
Known for BTC predictions DonBottomnoted that the monthly time chart looks good after breaking the $24,000 resistance. According to the analyst, BTC may perform similar to the time it reached the $69,000 peak.
bitcoin He hadn’t looked this good in a very long time. Let’s be realistic. Looking at the chart, we haven’t seen any gains since the all-time high on a monthly basis.
Every resistance did its job. Indeed, there were no jumps. And technically speaking, if it closes above this monthly resistance around $24,000, it would actually be confirmation of a breakout. So it will be the first bullish signal. I think this may continue for a while.
NEWS CONTINUES BELOWUsually monthly signals last longer than a candle or two, but they persist… I’ll just say $35,000 resistance and then if that breaks, I don’t think you’ll want to sell before a new all-time high.
Looking at the weekly time frame, DonAlt envisions a scenario where Bitcoin may attempt to break the $35,000 resistance by approaching $33,000 before correcting to $27,000.
You can follow the current price action here.