in 2022 bitcoin(BTC) floor price, a trader updated his view on the flagship crypto asset.
In a new TechnicalRoundup video, the trader alias DonAlt tells his 49,500 YouTube subscribers that he is continuing the bullish trend in Bitcoin because of the weekly and monthly charts.
According to DonAlt, the bullish thesis will be invalidated if Bitcoin drops below $22,000.
“So far so good, right? Our purchases at $16,000 have almost doubled. And we still have a long way to go.
NEWS CONTINUES BELOWAs long as we realistically hold $20,000, the weekly looks good. However, my new override is anything under $22,000 of that.
Basically, if we go back below this current impulse candle that we have, I think it’s over.”
NEWS CONTINUES BELOW
Koinfinans.com As we reported, Bitcoin is trading at $ 28,641 at the time of writing.
At the next key level, if Bitcoin maintains an upward trajectory, the trader says that “the next resistance is $35,000, so that’s the target.”
According to Trader, the banking crisis crypto- created a strong narrative for the market.
“Bank bailouts are basically the most bullish thing you can have for crypto. That’s why crypto exists, that’s why most of us are in this market. It basically opens a lot of people’s eyes to the fact that what’s going on in the world isn’t really true.
This turns into a narrative that I like. We have a strong narrative right now and we will have a strong narrative as we enter the halving process. So not only does the halving pump come, we also have a strong narrative for it. So that’s a good thing, a good combination to have.”