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The trader who sold bitcoin (Bitcoin) approached all-time highs and re-entered the market in November at a steep discount.
A pseudonymous trader named DonAlt is telling his 449,000 Twitter followers that the bears are in a precarious position after bitcoin climbed from November 21st’s $15,731 to Thursday’s high of $19,117. increase.
Bulls gave everything back to bears, traders hit back with bears, now bears. A rising bear market could wipe out almost all bears.
Technically, anything below $30,000 is just a bear market rally. If you’re bearish and don’t consider the $30,000 possibility, I think you’re thinking with a bit of a blue eye. not zero. “
Earlier in January, DonAlt debuted a chart showing the key resistance levels BTC needs to break through to maintain momentum.
So far Bitcoin is working as he hoped. The top cryptocurrency by market capitalization is currently hitting the chart’s historic line of around $19,000.
DonAlt jokes that if BTC crosses that line, it will be the future of France.
If BTC can break through $19,000 within the next week and continue to outpace the altcoin market, traders predict Relatively well up to $22,500.
“It’s about keeping boys. Alt [are] You can’t follow BTC in the run-up Another day like today after the weekend will see some fireworks in the crypto markets. “
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Featured Image: Shutterstock/sdecoret/INelson
