bitcoin An analyst who predicted the bottom price recorded in November shared his new forecast. Here are the details that the analyst drew attention to.
The analyst, known by the alias DonAlt, may be making a mistake if anyone who “shorts” pays attention to the BTC price. stated.
DonAlt says that BTC’s recent uptrend simply remains intact. The analyst describes this trend as an asset that makes a series of high-high and high-low pairings in price.
I’m gone for a week and all I’m seeing is a bunch of people proudly shorting a higher low
NEWS CONTINUES BELOW— DonAlt (@CryptoDonAlt) February 11, 2023
DonBottomHe said in his YouTube video that it would take a major pullback for him to reconsider his belief that the Bitcoin rally is not over yet.
What I don’t want to see is just big falls. Let’s say we’re down to $20,000 or $19,000, that’s when I start to worry a little about my thesis being wrong. It may still go up after this point, but I think my thesis is wrong and that probably makes me want to sell.
Everything above that – so at this point I don’t think anything can get me out of my position.
Bitcoin hit a low of $15,724 on November 9 last year and hit $24,182 on February 1st.