A crypto trader and analyst who goes by the name DonAlt is optimistic about Bitcoin’s future, stating that he will maintain a bullish outlook on the cryptocurrency unless it drops below a crucial support level.
DonAlt, who shares his insights with 68,000 subscribers on the TechnicalRoundup YouTube channel, believes that Bitcoin will continue its upward trend as long as it stays above $70,000 on the weekly chart.
According to DonAlt, “I’m looking at $70,000. If we start losing $70,000 again, I think then it’s truly over this time, given we have proper expansion, we broke the $70,000, $71,000 level. If we start moving below this weekly open, I think then we’re cooked.”
He added, “Otherwise, I just think up. I’m quite happy with it. I did buy the last false breakout, and then it went down again, and now it’s above my entry, which is always nice. Generally, that’s kind of my invalidation. We start losing $70,000 again, then I think it’s where we might have another leg to the downside.”
The analyst also predicts that Bitcoin will surge by more than 26% to reach the mid-$90,000 range, a level last seen in January.
He stated, “I’m just expecting up… $82,000 is the next area of resistance…I can see myself taking some profits into $94,000, $95,000.”
Bitcoin is currently trading at $75,298, remaining unchanged for the day.
Follow us on X, Facebook and Telegram
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Surf The Daily Hodl Mix
Generated Image: Midjourney
