An analyst who rode the crypto rally earlier this year believes Bitcoin (BTC) has a chance to unleash a steep rally and post a new high for 2023.
In a new strategy session, DonAlt tells his 53,200 YouTube subscribers that it is within the realm of possibility that Bitcoin will witness an upward burst and leave many traders on the sidelines.
“If we go up and if we break through the resistance that we’re fighting now, I think the target could be $36,000… So if this continues – and we’ve got plenty of good reasons to go, we’ve got plenty of reasons to go . also down – but if sentiment changes, I think we have plenty of reasons to go up…
There’s a chance I won’t get a good entry at $30,000 because if this shoots up, it might shoot up too fast to get a good trade, so I’ll just make a crappy trade here just to be safe.
Worst case, I just take a small hit because the void is so tight, and then I can buy again from $19,000 to $20,000.”
DonAlt also tells his 505,300 followers on social media platform
“The first time in months that we have had constructive price action. That said, we need to move up quickly. Otherwise I will take the risks again.”
At the time of writing, Bitcoin is trading at $26,519.
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Generated image: Midjourney