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Market

KOL DonAlt describes the critical level Bitcoin needs to regain in order to drop sharply below 30k. to avoid

September 26, 2021 - Around 2 mins mins to read

A prominent analyst says Bitcoin will have to regain vital levels in order to invalidate the massive drop below $ 30,000.

In one Video DonAlt is re-drafting a bullish scenario for Bitcoin that could give the benchmark cryptocurrency a push to break a key resistance at $ 52,000.

“Let’s say Bitcoin sees a big drop when bad news comes out, but the news is drowned out afterwards with no bullish news or anything like that, then we should get at least one wave. In this case, Bitcoin should rise slightly to $ 50,000 thanks to short squeezing, assuming Bitcoin recovers above $ 44,000. At this point, I think Bitcoin will break the $ 52,000 mark and continue its upward trend. “

Bitcoin imprisonment

BTC / USD daily chart | Source: DonAlt

While the uptrend is expected to continue, DonAlt said BTC will need to close above key levels first to avoid a full dip to $ 23,000.

“If something happens, wait for the price to close above $ 40,000. In my opinion, this is the bare minimum that Bitcoin has to do. If this is not possible, there will be a sharp drop below $ 30,000. “

1632645115 507 KOL DonAlt describes the critical level Bitcoin needs to regain

BTC / USD daily chart | Source: DonAlt

At the time of writing, Bitcoin is trading at $ 41,419, according to CoinGecko.

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SN_Nour

According to Dailyhodl

The Big Short legend Michael Burry has been summoned by

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#Bitcoin

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Market

KOL DonAlt describes the critical level Bitcoin needs to regain in order to drop sharply below 30k. to avoid

A prominent analyst says Bitcoin will have to regain vital levels in order to invalidate the massive drop below $ 30,000.

In one Video DonAlt is re-drafting a bullish scenario for Bitcoin that could give the benchmark cryptocurrency a push to break a key resistance at $ 52,000.

“Let’s say Bitcoin sees a big drop when bad news comes out, but the news is drowned out afterwards with no bullish news or anything like that, then we should get at least one wave. In this case, Bitcoin should rise slightly to $ 50,000 thanks to short squeezing, assuming Bitcoin recovers above $ 44,000. At this point, I think Bitcoin will break the $ 52,000 mark and continue its upward trend. “

Bitcoin imprisonment

BTC / USD daily chart | Source: DonAlt

While the uptrend is expected to continue, DonAlt said BTC will need to close above key levels first to avoid a full dip to $ 23,000.

“If something happens, wait for the price to close above $ 40,000. In my opinion, this is the bare minimum that Bitcoin has to do. If this is not possible, there will be a sharp drop below $ 30,000. “

1632645115 507 KOL DonAlt describes the critical level Bitcoin needs to regain

BTC / USD daily chart | Source: DonAlt

At the time of writing, Bitcoin is trading at $ 41,419, according to CoinGecko.

We invite you to join our Telegram for faster news: https://t.me/coincunews

SN_Nour

According to Dailyhodl

The Big Short legend Michael Burry has been summoned by

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

 

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