Trader DonAlt shared new Bitcoin price predictions on Twitter and YouTube. DonAlt enjoys relative popularity on Youtube where the total number of its subscribers amounts to 469,000, if we also include those of the TechnicalRoundup channel.
DonAlt(@CryptoDonAlt) said that the level Bitcoin price is at, around $19,000 represented a great buying opportunity: in his own words, he felt “perfectly comfortable buying below $20,000” (timestamped at 2:10 p.m. in the video below).
However, the trader does not rule out the possibility that Bitcoin will trade lower in the short term, in which case he intends to buy more to complete his spot position. DonAlt also issued warnings against the use of leverage as CPI (Consumer Price Index) data is expected to be released today.
DonAlt broadcasts live on the TechnicalRoundup channel every week alongside another trader, @CryptoCredwho has 501,000 Twitter followers.
Details of Bitcoin price predictions by DonAlt on Twitter
DonAlt’s reasoning is based on the assumption that the markets have been in such difficult times that an upward move is more likely at this time. His opinion is shared by various crypto traders such as TraderSZ and CryptoISO.
He also believes that buying Bitcoin on the downside now when the market is “depressing” is a smarter strategy than getting carried away by the green candles and price targets over $100,000 shared by the most avid. bitcoin advocates like Michael Saylor.
DonAlt also tweeted that when it comes to traditional markets (e.g. S&P 500), his instincts were for a downside, as the crypto market appears to be starting to decouple.
In recent days, Bitcoin has indeed shown signs of resilience in comparison to the SPX. But over the course of this year, some have concluded that this further demonstrates the existence of a lag and lag between the movements of the crypto markets and those of the stock markets. For his part, DonAlt expressed his optimism and believes that the correlation between Bitcoin and equities may soon end.
This Bitcoin price prediction by DonAlt is one to take seriously, given its large following and the fact that it had accurately determined the arrival of a bear market at the time of the November 2021 peak.
When an SFP figure (swing failure pattern) has been identified on the Bitcoin price chart around its ATH (All time high) of $65,000, DonAlt had tweeted this meaningful sentence: “see you in a year”.
Then, when the price of Bitcoin began its nearly twelve-month correction, DonAlt warned against opening any positions, mostly opting for liquid assets – until now. He also criticized Do Kwon and Terra LUNA long before the ecosystem collapse of May 2022.
Later in his video, DonAlt specifically identified the price levels above.
He mentioned that while the probability of Bitcoin hitting $33,000 in the short term is low, by the first quarter of 2023, he also does not foresee a drop to the $12-14,000 zone – a target of common price to bears (bears) and monthly support.
His current price target for Bitcoin is the $29,000 area, around which he will sell for protection.
Cryptocurrency price movements
Bitcoin price is currently testing the $19,050 level, down 0.27% in the last 24 hours, after the release of PPI (Producer Price Index) data and Minutes from the FOMC (Federal Open Market Committee).
CryptoISO – which has 115,000 followers – expects a rally in the price of Bitcoin today if the PPI shows a ‘hint of positive’.
Several altcoins we have been following closely are making headlines again – Tamadoge (TAMA) is up 29% in the last day on the OKX exchange.
Terra Classic seems to be riding a bullish wave following the circulation of information that Binance reportedly burned nearly 3 billion LUNC tokens.
The presale of the IMPT token is also approaching the $4 million raised mark.
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