Last year bitcoin(BTC) at its lowest point, an analyst has made changes to his portfolio of two altcoins and Bitcoin. announced.
The analyst, known in the crypto markets by the alias DonAlt, tells his 463,000 Twitter followers that he has profited from a significant portion of his crypto investments.
DonAlt said he bought BTC and two altcoins (Litecoin (LTC) and XRP) last November when the impact of FTX’s collapse began to wane and the bad news no longer seemed to have an impact on the market.
In the next period, while LTC and BTC experienced significant increases, XRP remained relatively stagnant.
“Given that BTC is closing at both monthly and weekly resistance levels, I cut my overly large positions by about 50% overnight to secure some profits. Since the first post, these positions are:
BTC – Up 60%
LTC – Up 60%
XRP – Up 10%”
The crypto analyst expects BTC and altcoins to make a comeback over the next one to three months, with BTC falling into the $20,000 range. At this point, he plans to re-enter the market and then expects BTC to continue its 2023 uptrend.
If Bitcoin does not back down and continues to rise from its current price of $24,009, the trader adds that he will consider withdrawing his profits in the $30,000 range.
You can follow the current price action here.