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24h Vol
13105
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Bitcoin Share
The Daily Hodl 2025-03-07 08:04:23

Trader Who Accurately Predicted 2022 Crypto Bottom Says Bitcoin Primed To Go Higher – But There’s a Catch

Trader Who Accurately Predicted 2022 Crypto Bottom Says Bitcoin Primed To Go Higher – But There’s a Catch

A trader and analyst who accurately predicted the crypto bottom in November of 2022 is leaning bullish on Bitcoin ( BTC ) but with a caveat. In a new video, the trader pseudonymously known as DonAlt tells 65,900 subscribers of the TechnicalRoundup YouTube channel that he has not changed his bullish bias on Bitcoin and is still “expecting higher” prices for the flagship crypto asset. “Trend still strong though… [On the weekly time frame] last week, [Bitcoin] wiped below the range and then closed all the way back in it. This is bullish – like that’s a really good close. And then we had this week, we had another wipeout. And so far, that’s kind of been reclaimed as well. So, if this weekly close is above $90,000, I’m going to assume the range is still intact. And given we tested the bottom of the range, wiped out everyone below it, that would be like a bullish setup.” Source: DonAlt/YouTube According to DonAlt, Bitcoin will go much higher if it rallies above the range high of $104,000. The pseudonymous analyst, however, says that Bitcoin appears bearish on the daily and monthly time frame. “Monthly [chart] is not that great… And daily [chart] is really, really interesting here because technically speaking, there’s an excellent short setup here. So basically, you would take a short here [around $90,000], your stops up here [around $95,000]. And then you target like new lows. Like either this [around $78,000] or even like all the way back to $70,000. Like that’s a really good short setup.” Source: DonAlt/YouTube Bitcoin is trading at $87,508 at time of writing. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Trader Who Accurately Predicted 2022 Crypto Bottom Says Bitcoin Primed To Go Higher – But There’s a Catch appeared first on The Daily Hodl .

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