A trader who bought Bitcoin (BTC) at the November low of $ 16,000, sold at the last high of $ 25,000, and repurchased at $ 23,000, has updated his predictions for the crypto market.
The trader, known in the crypto markets by the nickname DonAlt, drew attention to the monthly close of Bitcoin (BTC) in the new edition of the Weekly Roundup. At this point, the trader thinks that a very critical moment has arisen for Bitcoin.
According to Trader bitcoin It is about to close above the $23,291 monthly resistance, which indicates that BTC’s 2023 rally is not over yet.
“[Aylık direncin] If we close above, we may see some decline next month. But in general, [BTC’nin] I wait for it to rise again. So I will be quite happy with my position.”
NEWS CONTINUES BELOW
The trader adds that he re-entered the market due to intense FOMO (fear of missing an opportunity) and his bullish outlook for BTC remains intact.
Koinfinans.com As we reported, if Bitcoin drops below $23,000 once again and approaches a key short-term support area around $22,500, the analyst says traders should be extremely cautious.
“I think it’s the best support in the field. [yaklaşık 23.000 dolar] We pulled back a little. [Düşüş] I think it makes sense to be careful because then we enter an area where we are no longer making higher lows (new low higher than the previous low) and these old ranges [22.500 doların altına] We’ll be back.”
You can follow the current price action here.