Analyst DonAlt, who accurately predicted the cryptocurrency rally earlier this year, believes that Bitcoin (BTC) has a chance to undergo a significant rally and reach a new high in 2023.
“If we manage to climb and overcome the resistance we’re currently facing, the target, I believe, could be $36,000… If this happens, and we have substantial reasons to move up, sentiments will change, ensuring an ascent… I don’t rule out the possibility that I won’t be able to enter at a good price of $30,000, because if the price surges, it might rise too quickly to not miss this opportunity.
In the worst case, I’ll take a small hit if it drops into the range of $19,000 to $20,000.
DonAlt also noted that after several months of decline, the price of Bitcoin is looking good. For the first time in months, we’re observing constructive price movement; we’ll soon have to move upwards.”
