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Expert Trader Predicts When Bitcoin (BTC) Bulls ‘Will Try to Make a Stand’
A recent analysis from renowned trader DonAlt has shed light on the potential trajectory of the current market downturn. As the price of Bitcoin continues to plummet, experts are scrambling to predict what might happen next.
In his latest tweetstorm, DonAlt has provided crucial insights into the current trading range for Bitcoin. According to his calculations, the cryptocurrency may soon test the $85,000-$71,500 area, which could serve as a potential support zone.
The analysis comes at a time when investors are reeling from the sudden drop in price. Many have been left wondering what the future holds for the asset class, and opinions vary widely on the market’s short-term prospects.
In his assessment of the situation, DonAlt has suggested that Bitcoin may not be done yet with its decline, potentially targeting $50,000-$45,000 if the current downward trend continues.
Source: u.today
