Trader Who Gave Exact Bitcoin Bottom Updates on Crypto Outlook After Market Pullback – The Daily Hoddle

A crypto analyst who boldly turned a bitcoin bull at BTC’s lows in November is updating his outlook on the market following a significant pullback.

The pseudonymous German trader, whose Twitter alter ego is an anthropomorphic duck, tells his 460,000 followers that anyone shorting BTC can make a mistake.

DonAlt says that BTC’s recent uptrend – simply defined as an asset that has posted a series of higher highs in price paired with higher lows – remains intact.

I’ve been there for a week and I see a bunch of people proudly shorting a high low

— DonAlt (@CryptoDonAlt) February 11, 2023

In a recent YouTube update, DonAlt said that it would need a major pullback to reconsider his belief that the rally is far from over.

“What I don’t want to see is just a huge decline.

Let’s say we go to $20,000, $19,000, which is where I start to worry a little bit that my thesis is wrong.

It can obviously go up after that point but I think my thesis is wrong, which probably makes me want to sell.

Everything [above] That – I mean I don’t think anything can get me out of position at this point in time.

Bitcoin reached a low of $15,724 on November 9 last year and reached a high of $24,182 on February 1.

At the time of publication, BTC is trading at $21,808, up 0.6% over the past 24 hours.

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Disclaimer: The views expressed in The Daily Hoddle do not constitute investment advice. Investors should conduct due diligence before making any high-risk investments in bitcoin, cryptocurrency or digital assets. Please be aware that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hoddle does not recommend the purchase or sale of any cryptocurrency or digital asset, nor is The Daily Hoddle an investment advisor. Please note that The Daily Hoddle participates in affiliate marketing.

Featured Image: Shutterstock / SimplyB / Date Luadthong


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