A crypto strategist who nailed Bitcoin’s 2022 bear market bottom says two things must happen for BTC to regain strong bullish momentum.
In a strategy session, pseudonymous analyst DonAlt tells his 66,100 YouTube subscribers that Bitcoin bulls must reclaim a key price area as support to rein in the selling pressure.
He also says that US President Donald Trump needs to stop making statements such as tariff threats to China, Canada and Mexico that drive the stock market to lower levels.
“If we come back to $90,000, flip it [into support] on the daily time frame or the weekly or the monthly, doesn’t really matter… I think you could see some nice price action. We need a little bit of that and we need Trump to stop suiciding the US markets.
Once both of those things happen, I think you’re going to see actually surprisingly strong price action again.”
Unless both conditions are met, DonAlt says BTC bears have the upper hand.
“Right now, it’s pretty clean and we do have macro factors supporting this range breakdown, technically speaking. If you’re just looking at the technicals, looking at macro and everything else, it makes sense to assume that this is a broken range until proven otherwise.”
At time of writing, Bitcoin is worth $83,658.
Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
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
