DonAlt, a popular crypto analyst, says he is looking at three potential zones for the Bitcoin price (BTC) to get an idea of where the leading cryptocurrency is headed. Let’s examine the analyst’s predictions together…
DonAlt sets critical levels for Bitcoin price
The analyst known as “DonAlt” shared his new predictions. DonAlt says that as long as Bitcoin stays below $44,400, it is bearish and remains neutral in BTC if it is between $44,400 and $46,200. The analyst says that if its price rises above $46,200, it will be bullish on the largest cryptocurrency by market cap. DonAlt made the following comments on the subject:
Currently, it looks like a shoulder of peace of mind with the current price action reflecting $60k. He needed to gain strength to convince me otherwise.
DonAlt also shares non-technical view for Bitcoin
Bitcoin is trading at $44,320 at the time of writing and has dropped 8% in the past seven days, according to CoinGecko. Bitcoin price, however, has been trading in an uptrend in the last 24 hours before writing. DonAlt says that the near future of cryptocurrency revolves around its strength compared to traditional financial markets. DonAlt made the following comments on the subject:
The non-technical view is this: global markets continue to drop, crypto will just take a ride. If the traditional markets get back what they lost in the last few days, the coin will gain as well. More important than technical analysis at the moment is the relative strength of cryptocurrency relative to traditional markets.
Successful cryptocurrency predictions by analyst DonAlt
cryptocoin.com As we have previously reported, DonAlt, who holds Bitcoin predictions, reported $ 6,100 on March 28. Also, DonAlt correctly predicted Bitcoin’s 44% rally at the beginning of January and successfully pinpointed the peak on February 12, when BTC rallied above $10,300.
Apart from that, the analyst has other predictions that have a high success rate. The leading cryptocurrency Bitcoin is trading at $44,320 with small increases at the time of writing. The flagship of cryptocurrencies currently has a market cap of $834 billion.
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