A widely followed crypto analyst who called a November 2022 cryptocurrency bottom says he has re-entered the market with a new long position in Bitcoin (BTC).
The analyst nicknamed DonAlt says his 509,700 followers on the social media platform X that he entered a long position in Bitcoin for about $27,000.
DonAlt says his bullish thesis will be invalidated if BTC falls to around $24,000.
Credible Crypto partner is also bullish on Bitcoin. The analyst says his 346,800 followers on social media platform X who “launched” Bitcoin after it appreciated slightly more than 10% since the beginning of the week.
“Keeping it as simple as possible:
In the same way that $26,800 was the origin of our last impulse, $28,600 is now the origin of the current one. On top of that, we go MUCH higher, FAST.
Break below $28,600 and the local uptrend will be breached and we may have a small pullback, but until then, STRAP IN!”
On the fate of altcoins amid a Bitcoin rally, Credible Crypto says,
“The black hole is coming. All the liquidity holding your precious altcoins right now will soon be absorbed by BTC. Relief for altcoins comes with a break of new highs, and then they will shine.
But first, make way for the king.’
Bitcoin is trading at $29,500 at the time of writing.
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