A crypto trader who nailed the 2022 Bitcoin bottom thinks that BTC is at risk of witnessing an over 15% correction.
In a new strategy session, pseudonymous analyst DonAlt tells his 59,300 YouTube subscribers that Bitcoin is in danger of losing its range low and support at $61,000 again after reclaiming it earlier this month.
DonAlt warns that a daily close below $61,000 is a huge sign of weakness that will likely trigger a sell-off event that sends BTC close to $50,000.
“This is just the bearish scenario. This was just kind of the complacency bounce off of the range and we start losing it again…
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