DonAlt, who correctly predicted the $6,100 Bitcoin price on March 28, says that Bitcoin (BTC) must retrace a crucial level to invalidate a major move below $30,000. The analyst correctly predicted Bitcoin’s 44% rally in early January and a peak of $10,300 on February 12. Now, he says these levels should be maintained before $30,000 for Bitcoin…
DonAlt says that once this level is broken, $50,000 will be comfortably reached:
cryptocoin.com DonAlt, whose analysis we shared as BTC, touched on the levels that must be earned and held in order for Bitcoin (BTC) to reach the key resistance level of $ 52,000. The analyst’s analyzes for both aspects were:
Let’s say you’re bombarded with news, if bullish news is taken for granted, it just pushes the price up, we usually start with a little squeeze. In this case, we could easily reach the $50,000 region as we bounced back above ($44,000). At this point, we are very close to the $52,000 top.
Bitcoin should protect these levels against the danger of $ 30,000:
While the continuation of the bullish trend is in the cards for Bitcoin, DonAlt says 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. In my opinion this is the lowest level it should do. If he can’t even do that, I think he should accept it and wait for under $30,000. If it can close above $42,400, there is this must-have range (around $42,000). It’s tiny and then whether you fall apart or fall, (this) will decide the next move.
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