Cryptocurrency analyst with the nickname DonAlt talked about his views on Bitcoin price and bull market in his statement today.
DonAlt Touched on Some Price Levels He Deems Critical in His Sharing on Twitter
Making a statement on Twitter, DonAlt said that the current Bitcoin price is in an uncertainty range on the chart and that the BTC price must exceed the $ 32,290 level to be called a bull market.
In addition, he said that in case of a decrease from the current level to about $19,000, there is neither a bull nor a bear market, but a bear market can be mentioned if it is below $19,000.
However, he added that he thinks that new lows will not be seen. In his statement, DonAlt also stated that he does not currently have a large investment in the cryptocurrency market.
Pretty simple for me, I think in between here and the upper range is where most of the risk and very little reward is
We won't make new lows IMO so the closer you get to buying to the bear market line the better pic.twitter.com/7fHSR2li6e
— DonAlt (@CryptoDonAlt) April 14, 2023
DonAlt has a large following on Twitter, where he posts regular updates and charts on the crypto market. He also has a YouTube channel called TechnicalRoundup where he teaches about cryptocurrencies.
DonAlt previously said that Bitcoin price was a bottom at $16,000 and then sold most of its BTC holdings around $28,000.
In addition, the analyst in question shared with his followers that he bought some Ripple (XRP) tokens at $ 0.37 in March. XRP price is trading at approximately $0.51 at the time of this writing.
*Not investment advice.