The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Top Crypto Strategist Says Bitcoin (BTC) at $22,000 Is Where ‘Dreams Are Made’ – Here’s What It Means

by Daily Hodl Staff
July 11, 2022
in Bitcoin, Trading

A closely tracked crypto strategist who built his following with timely Bitcoin (BTC) calls says $22,000 is a make or break level for the king crypto.

Pseudonymous analyst DonAlt tells his 414,000 Twitter followers that he’s keeping an eye on how Bitcoin reacts as it slowly grinds its way up to $22,000.

“Watching this is as exciting as watching paint dry. $22,000 is still where dreams are made. We either fail spectacularly there or bask in glory. There are honestly good bull and bear arguments to be made here. I still enjoy being bullishly positioned more though.”

Image
Source: DonAlt/Twitter

At time of writing, Bitcoin is changing hands for $20,737, down over 3% in the last 24 hours.

Although BTC has failed to surge above $22,000 twice over a span of two weeks, DonAlt highlights that the leading digital asset is starting to flash a bullish market structure in the low timeframes.

“Broke out of the low timeframe range. Generally, [I] don’t think levels are too important here. Market structure is much more so. This is the first time in quite a while that we’ve actually set a higher low and a higher high. [Above] $22,000 and I could see us fill the massive Three Arrows Capital gap.” 

Image
Source: DonAlt/Twitter

DonAlt is referring to the massive sell-off from $28,000 ignited by the collapse of crypto hedge fund Three Arrows Capital. According to the crypto strategist, a move above $22,000 could propel BTC to its next resistance, which is around $30,000.

“Haters hate. Support supports. Still A LOT of work to do but I still very much like this chart. Not calling for the end of the bear, just for a sizeable mean reversion.”

Image
Source: DonAlt/Twitter

In trading, mean reversion is the theory that prices will revert to their averages after an extreme move. In Bitcoin’s case, DonAlt posits that BTC is due for a mean reversion after it slid from about $30,000 all the way down to $17,600 in a matter of days.

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


 
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 loses 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.

Featured Image: Shutterstock/Sergey Nivens/Chuenmanuse

Submit a Press Release

Industry Announcements

  • LandX Closes Private Round Securing Over $5 Million in Private Funding
    December 4, 2023
  • Chromia Confirms Mainnet Release in 2024
    December 4, 2023
  • CAGA Crypto – Decentralized Financial Movement Unveiled on MEXC and Bitget
    December 4, 2023
  • TMNG Tokens Successfully Listed on MEXC Crypto Exchange
    December 1, 2023
  • Sui Surpasses $150 Million in TVL, Showcasing Blistering DeFi Momentum
    November 30, 2023
  • Duelbits Announces Landmark Collaboration With Football Icon Luis Suárez
    November 29, 2023
  • BinaryX Launches AI Chat Game ‘AI Hero’ With Limited NFT Mints
    November 28, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$41,622.15
$41,622.15
0.44%
Ethereum
$2,205.41
$2,205.41
1.77%
Cardano
$0.400176
$0.400176
2.05%
XRP
$0.613502
$0.613502
3.25%
Dogecoin
$0.088428
$0.088428
1.75%

Spotlight

  • Bitcoin Forming Bullish Picture As BTC Gears Up To Leave 15-Month Accumulation Phase Behind: Crypto Analyst
    November 28, 2023
  • 100 Biggest Tether Whales Add $1,670,000,000 in USDT in Six Months, Says Analytics Firm Santiment
    November 28, 2023
  • Whales Start Shifting DEX Token Ahead of Massive $505,500,000 Unlock
    November 28, 2023
  • ‘One of Most Bullish Charts I’ve Seen’ – Ex-Goldman Sachs Executive Details Ethereum Outlook As ETH Prints New Pattern
    November 28, 2023
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2023 The Daily Hodl