A crypto strategist that the Bitcoin base of 2022 has nailed, believes that one big investor cohort will catalyze a winter of a brutal bear for BTC.
Pseudonym analyst Donalt tells his 670,400 followers on the social media platform X that Bitcoin Treasury companies will be the source of enormous sales pressure in the next bear market.
Data from BitcoinTreasuries to show Those private and public companies around the world have 1,112,904 BTC worth more than $ 117,445 billion at the time of writing.
Says Donalt,
“Bitcoin Treasury companies … will be the reason for the next bear market that is as violent as previous bear markets, and nobody can convince me otherwise.
Good ponzi while they go, so keep going. “
According to Donalt, the next Bitcoin Bear market could be devastating As the witness in 2018 when BTC collapsed from $ 20,000 to $ 3,000.
“Whatever the top is, 70-80% of that is further than my gamble.”
While Donalt sees a paralyzing Bitcoin hole market as soon as BTC surpasses this cycle, he is remnant Bullish on the crypto king for now. In a new strategy session, he says that a bitcoin movement below an important level of support could activate a correction of more than 11% of the current levels.
“If we set a new layer below $ 101,000, I could easily see ourselves erase to $ 95,000, if not quite quickly $ 90,000.”
At the time of writing, Bitcoin acts for $ 105,438.
https://www.youtube.com/watch?v=QYZLY0WZL-E
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