A widely followed crypto analyst who says the market has bottomed out in 2022, bitcoin (BTC) is excited by the current price action.
The strategist, nicknamed DonAlt, told his 487,000 Twitter followers that the current price action of king crypto is more exciting than any price action before. says.
According to DonAlt, BTC’s current rally, which started when the highest crypto asset by market cap was trading at $15,000, should still have energy even if BTC “crashed”.
“BTC update is broken.
NEWS CONTINUES BELOWMany would say that this is worse for the bulls but this got me more excited than previous price movements. If this breakout is invalidated, I expect this rally to gain strength from $15,000. Until then, the bulls need to be patient.”
Earlier, DonAlt stated that the only way for short-term bullishness is for BTC to retake the $25,000 zone. had said.
He went on to call this level the “line in the sand”. But he later said that it lost its relevance as BTC was cut just below it.
“BTC $27,400 has expired. Just below, we are experiencing very sharp declines.
Leverage games are a mess right now. No clear setup anywhere because of the outage. However, for these bulls, the longer the better. I think we’ll be back in the range in a week or two.”
Crypto The asset is trading at $26,772 at the time of writing, gaining 2.11% in the last 24 hours.