An analyst who is known for driving on the Crypto -breakout of 2023 believes that the current consolidation of Bitcoin will end with BTC Bulls who achieves a victory round.
In a strategy session, pseudonym Donalt tells his 65,700 YouTube subscribers that BTC -bears had many opportunities to reduce prices in recent weeks after President Donald Trump had restored trade war discussions and considered gaining other countries.
According to the Crypto strategist, each of those headlines could have catalyzed a deeper Bitcoin correction. But Donalt says that the fact that BTC is still being traded above $ 90,000, despite an attack by Bearish News, makes him believe that Bitcoin is preparing for much higher prices.
“I’m not bearish. My gut feeling is that this is being resolved upside down, but I also acknowledge that as long as we are under $ 101,000 or lower than the weekly middle class actions [around $98,000]Ta (technical analysis) -wise somewhat leaning bearish.
I just think it is not necessary that it is very convincing, especially considering how strong the upward trend has been and how weak the sale has been, since Trump has in fact throwing rates, have spoken about annexation Canada [and] Greenland…
You can make a list and if you have thrown one of these items on that list on that list two or three years ago, and you asked me: “Hey, what does markets look like?” I would say that “everything is dead, you know.”
[But] Then nothing happened. It is hardly led to a sale, so it’s hard for me to be Bearish. I think it is generally logical to be neutral and to wait for the momentum or bullish, although the TA is not necessarily bullish at the moment. “
At the time of writing, Bitcoin acts for $ 96,310, with a 1.43% decrease in the last day.
https://www.youtube.com/watch?v=d9im4jnqor4
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