Crypto Trader DonAlt Posts Bitcoin Price Prediction - 'I'm Buying Now'
DonAlt shared a new Bitcoin price prediction today to Twitter and YouTube, where he has a combined 469,000 followers including subscribers to the TechnicalRoundup YouTube channel.
DonAlt (@CryptoDonAlt) stated he's 'buying now' at around the $19,000 level, and is 'always comfortable buying below $20,000' - timestamp 14:10 in the below video.
He isn't ruling out Bitcoin trading lower in the short term, in which case he'll 'buy more' and add to his spot position - cautioning against using leverage with CPI data coming on Thursday.
DonAlt streams live on the TechnicalRoundup channel each week alongside another popular trader @CryptoCred, who has 501,000 followers on Twitter.
DonAlt's rationale - shared by various other notable crypto Twitter accounts such as TraderSZ and CryptoISO - is that the markets have been so battered and beaten down, that a move to the upside is more likely at the current time. Even if only as a bear market rally to squeeze offside shorts, within the long term macro downtrend.
His advice is to buy the dip on Bitcoin now when the market is 'depressing', as a better play than FOMO'ing into green candles and $100,000+ price targets shared by the most vocal Bitcoin bulls like Michael Saylor.
DonAlt also tweeted that his 'gut feeling for the trad markets' (e.g. the S&P 500) is down, but that crypto would begin to decouple finally and move up.
In the past few days Bitcoin has shown signs of resilience versus the SPX - while so far in 2022 that's simply been a sign of cryptocurrency lagging behind, DonAlt is optimistic that the correlation between Bitcoin and stocks will come to an end.
DonAlt's new Bitcoin price prediction is notable with his wide following and since he accurately warned traders of the incoming
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