Trader Who Caught 2023 Crypto Rally Unveils Strong Signal for Bitcoin (BTC) ‘Moon Time’ – Here Are His Targets
A trader who rode this year’s surge in the crypto markets believes that Bitcoin (BTC) is now in a position to ignite more rallies.
In a recent strategy session, pseudonymous analyst DonAlt tells his 50,800 YouTube subscribers that Bitcoin looks bullish now that the crypto king is trading above $27,400.
In a bearish scenario, DonAlt sees Bitcoin rallying close to $30,000 before another leg down.
“If you reclaim ($27,400), that’s going to be a big strong signal. I think that could easily take us, if this sh** is truly cursed, it could take us to $29,400 and then go back down. That would be horrendous.”
In a bullish scenario, DonAlt expects Bitcoin to eliminate resistances across multiple timeframes and surge to as high as $35,000.
“I do like $27,400 again. I think if we reclaim it, it’s moon time… And timeframes would start cascading into each other, which I love to see. When you have the four-hour (chart) rolling over into the daily, rolling over into the weekly, and if that goes into the monthly, which it can – monthly resistance is at $35,000 – that’s a pretty sweet deal. And that’s a few good trades to have…
I’m turning more and more bullish with every day that goes by.”
At time of writing, Bitcoin is trading for $28,170, up over 4% in the last 24 hours and well above DonAlt’s key price level of $27,400.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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