Trader DonAlt shared the 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 at which Bitcoin’s price stands, around $ 19,000, represented a great buying opportunity: in his own words, he felt “perfectly comfortable buying under $ 20,000” (timestamp at 2pm : 10 in the video below).
However, the trader does not rule out the possibility of Bitcoin trading lower in the short term, in which case he intends to buy more to complete his spot position. DonAlt has 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 along with another trader, @CryptoCredwho has 501,000 followers on Twitter.
Details of DonAlt’s Bitcoin price predictions on Twitter
DonAlt’s reasoning is based on the assumption that markets have found themselves in such difficult times that an upward movement is more likely right now. His opinion is shared by various cryptocurrency traders such as TraderSZ and CryptoISO.
He also believes that buying Bitcoin lower now that the market is “bleak” is a smarter strategy than getting carried away by the green candles and price targets above $ 100,000 shared by the most avid bitcoin advocates such as 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 cryptocurrency market appears to be starting to decouple.
In the last few days, Bitcoin has in fact shown signs of resilience compared to the SPX. But over the course of this year, some concluded that this further demonstrates that there is a lag between the movements of the cryptocurrency markets and those of the equity markets. For his part, DonAlt has expressed his optimism and believes that the correlation between Bitcoin and stocks could soon end.
This prediction of DonAlt’s Bitcoin price is to be taken seriously, given its large following and the fact that it accurately determined the arrival of a bear market at the time of the November 2021 peak.
When an SFP figure (swing failure model) was identified on the Bitcoin price chart around its ATH (Always high) of $ 65,000, DonAlt had tweeted this meaningful phrase: “See you in a year.”
Then, as Bitcoin’s price began its nearly twelve-month correction, DonAlt warned against opening any position, opting mostly 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 said that while the likelihood of Bitcoin hitting $ 33,000 in the near term is low, by Q1 2023, it doesn’t even predict a drop in the $ 12-14,000 zone, a common price target for bears.bears) and monthly support.
Its current price target for Bitcoin is the $ 29,000 area, around which it will sell for protection.
Price movements of cryptocurrencies
Bitcoin price is currently testing the $ 19,050 level, down 0.27% in the past 24 hours, following the release of the Producer Price Index (PPI) data and Federal Open Market Committee (FOMC) minutes.
CryptoISO – which has 115,000 followers – predicts a rally in Bitcoin’s price today if the PPI shows a ‘hint of positive’.
Several altcoins we’ve been following closely are making headlines again: Tamadoge (TAMA) was up 29% on the last day on the OKX exchange.
Terra Classic appears to be riding a bullish wave following the circulation of information that Binance it reportedly burned nearly 3 billion LUNC tokens.
The presale of the IMPT token is also approaching the $ 4 million raised.
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