bullish

2024

Bitcoin

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Popular crypto trader known online by the nickname<a href="https://x.com/CryptoDonAlt/status/1870081144747610282?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1870081144747610282%7Ctwgr%5E0e89f20cea51abd4f9e0ddd7326e793e03ed6f30%7Ctwcon%5Es1_c10&amp;ref_url=https%3A%2F%2Fpublish.twitter.com%2F%3Furl%3Dhttps%3A%2F%2Ftwitter.com%2FCryptoDonAlt%2Fstatus%2F1870081144747610282" rel="noopener noreferrer nofollow">DonAlt</a> shared an updated outlook on the price of<a href="https://u.today/bitcoin-etfs-witness-largest-outflow-in-history" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a>. The price of the major cryptocurrency has lost over 14% in the last three days and is currently trading at just under $94,000 per BTC. While such poor performance by Bitcoin in recent days has caused massive liquidations in the altcoin space, it has also brought back a sense of fear, uncertainty and doubt among market participants.
That is why it is worth paying attention to the sentiment of the most popular and established public traders in the cryptocurrency space right now.
For example, in his post, DonAlt discusses that the painful drop of the<a href="https://u.today/250-million-in-bitcoin-and-ethereum-stun-major-us-exchange-coinbase" rel="noopener noreferrer nofollow">Bitcoin price</a> to almost $90,000 has led to a major liquidation of altcoins, bringing many of them back to bear market valuations.
<blockquote class="twitter-tweet" data-conversation="none">
 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> update:Didn't take its time, almost at $90k &amp; alts did indeed massively liquidateA lot of the coins on my watchlist are literally back at bear market evaluations, crazy to seeThink $85k to $90k is where bulls will try to make a stand <a href="https://t.co/hGuwsXDBYx" rel="noopener noreferrer nofollow">pic.twitter.com/hGuwsXDBYx</a>— DonAlt (@CryptoDonAlt) <a href="https://twitter.com/CryptoDonAlt/status/1870081144747610282?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 20, 2024</a>
</blockquote>
At the same time, the trader offers a vision where a price range between $85,000 and $90,000 per BTC is likely - where bullish investors might try to stabilize and push the price further, indicating a potential support zone for Bitcoin.
As can be seen on the attached chart, the next major trading range, if the above is breached, will be the $85,000-$71,500 area. Interestingly enough, this is also the area where the unclosed gap for<a href="https://u.today/samson-mow-on-bitcoin-crash-supply-shock-is-coming" rel="noopener noreferrer nofollow">Bitcoin</a> on the CME is located.
Thus, at first glance, it is all doom and gloom. What brings enthusiasm is that the area outlined by DonAlt is almost there, so we can hope for a bullish reaction there. However, considering the year-end tendencies on the crypto market, the roller coaster ride may last for quite some time. <a href="https://u.today/expert-trader-predicts-when-bitcoin-btc-bulls-will-try-to-make-a-stand" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Expert Trader Predicts When Bitcoin (BTC) Bulls 'Will Try to Make a Stand'

U_Today

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