Bitcoin Poised for Surge Despite Bearish Sentiment, Analyst Claims
A crypto analyst, recognized for accurately predicting the 2023 market surge, is confident that Bitcoin's current price stabilization will eventually lead to a bullish breakout.
In a recent video, the analyst, who goes by the name DonAlt, shared his insights on Bitcoin’s recent price action.
Despite multiple chances for bears to drive the price lower — such as the renewed trade war tensions stirred by former President Donald Trump — Bitcoin has remained resilient, consistently holding above $90,000.
DonAlt points out that this price strength, even in the face of negative news, suggests that Bitcoin is likely preparing for a significant rally.
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While acknowledging that technical analysis (TA) signals are currently slightly bearish, with Bitcoin trading below key levels, DonAlt remains optimistic. He believes the broader trend remains strong, and the lack of a substantial sell-off despite global uncertainties indicates that a breakout to higher prices is more likely than a continued downturn.
He emphasized that, in contrast to previous years, the current geopolitical turmoil hasn’t triggered the kind of market panic one might expect. As a result, DonAlt advises staying either neutral or bullish, even if technical indicators aren’t overtly supportive yet.
Alexander Zdravkov
Reporter at CoinsPress
Alexander Zdravkov interessiert sich leidenschaftlich für Bedeutungsfragen. Er ist seit mehr als drei Jahren im Kryptobereich tätig und hat ein Auge dafür, aufkommende Trends in der Welt der digitalen Währungen aufzuspüren. Ob er nun tiefgreifende Analysen liefert oder tagesaktuell über alle Themen berichtet, sein tiefes Verständnis und seine Begeisterung für das, was er tut, macht ihn zu einer wertvollen Ergänzung für das CoinsPress-Team.
