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A popular analyst who rightly pointed out that Bitcoin (BTC) has risen above $20,000 will remain bullish on the royal crypto until proven otherwise.
Anonymous analyst DonAlt told his 452,700 Twitter followers that Bitcoin’s strong performance last week suggests that the BTC bears are starting to lose steam.
Weekly close above $19,300, regaining major support for the first time since the all-time highs and start of the bear market.
As of this writing, Bitcoin is trading at $21,037, well above DonAlt’s critical support level.
With Bitcoin trading above $19,300, DonAlt sees BTC above $32,000.
“Give”
According to Crypto Strategist, he Remains Bitcoin’s long-term bullish unless price action meets any of his three conditions.
“There are several ways to turn me into a bear.
1) Lost $18,000
2) Significant bearishness at $32,000
3) Hit all-time highs and (again) later lose $60,000.
Other than these three remain bullish. “
Looking at peer-to-peer payment network Litecoin (LTC), DonAlt believes the altcoin is slowly rising towards its $99 target.
LTC is still rising linearly
When is a proper parabola?
At the time of writing, Litecoin has switched hands at $84.84, suggesting a potential upside of 15% or more if LTC hits DonAlt’s target.
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Featured Image: On the Journey
