A crypto analyst and crypto investor with a large following stated that Bitcoin must rise above important levels in order not to fall below $ 30,000 and has published analysis of important levels.
The analyst with the nickname DonAlt identified a bullish scenario for Bitcoin in his new analyzes and stated that a Bitcoin that can hold at the right levels can rise to the level of $ 52,000.
“… let’s say if a compression brings it back to ($44,000) levels, we could easily see Bitcoin at $50,000. At this point, I think we’re very close to that high ($52,000).”
Continuing the bullish trend DonAlt thinks that BTC must first close above a key level to avoid a scenario where Bitcoin drops as low as $28,000:
“If anything, expect a close above $42,400. I think that’s at least what you should do. If Bitcoin fails to catch up, I think roll it up and go below $30,000. If it can close above $42,400, there is a gap to close, even if you collapse after this level, you will be in a position to decide the next move.”
Currently, Bitcoin is hovering below the $42,000 levels.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.