bitcoin DonAlt, who correctly predicted the last rally in the price, shared his new prediction. The analyst stated that he sold at $30,000 and was looking for an opportunity to re-buy.
Posting a new video on his YouTube channel, DonAlt stated that Bitcoin price action in early March could repeat. The trader pointed out that BTC set up a bear trap after breaking the $21,000 support on March 9. However, he pointed out that this move moved towards $30,000 after only a few days.
Koinfinans.com As we reported, DonAlt drew attention to last week’s low of $26,270 after breaking the $27,200 support. The trader believes that this level can present a similar opportunity. The analyst stated that he will buy again if the support is restored.
While the trader believes that Bitcoin bulls have a chance to take control, he pointed out that a drop below $27,200 is negative.
Unless we do that, it’s just bearish. A crash is a downturn… It doesn’t make much sense to consider a breakout or crash as a failure before it actually fails.
NEWS CONTINUES BELOWWe just broke an important level. I would rather not be in or trade in the market unless we regain that level because then you have proof of your strength, at that point you have a directional bias and you have a firm ground on where to put your risk.
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