A crypto strategist known for nailing the Bitcoin floor of 2022 believes that the current correction will climax as soon as BTC reaches a key price level.
In a strategy session, the pseudonym analyst Donalt tells His 65,900 YouTube subscribers that although he is still bullish on Bitcoin, he thinks BTC can see a devaluation of 30% of the current levels before he is the bottom.
According to the analyst, the range of $ 80,000 does not offer support for BTC, so he waits for the crypto king to fall until the price range of $ 60,000 or the level of $ 90,000 as support before he takes extra risk.
“I could see myself, if we dive like $ 60,000 to $ 70,000 in that monthly area, I think the move is too great at that time. Let’s say that this will dump every day every day and we dump in $ 60,000 to $ 70,000, I think that at that time the move is exaggerated, and I might be able to play some lever again …
But apart from that there are many interesting things here. At the moment at $ 80,000, I look at this from the lens of We are in the middle of nowhere on the monthly [time frame]. It is still technically bullish, but there is no support not necessarily.
I’m not really on this. When the weather goes up and shows strength in the old cluster, in the old consolidation, then I am also due to increasing the risk, but until then, chill and see how it goes. “
At the time of writing, BTC acts for $ 87,155.
https://www.youtube.com/watch?v=fo7jissnjmg
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