Analyst Issues $80,000 Bitcoin Price Warning As Crypto Markets Retreat
A crypto strategist who rode Bitcoin’s 2023 breakout is warning that BTC is at risk of witnessing a significant correction if it fails to rally above $100,000.
Pseudonymous analyst DonAlt tells his 63,000 YouTube subscribers that Bitcoin will likely bounce if it pulls back to $90,000.
But the analyst warns that a correction now would put BTC in a position to see more downside price action.
“I think if it pulls back to $90,000 in any shape or form, you’re going to get some strength there… But like I said, I don’t that would be necessarily good for the short-term price action.
I think if you get to $89,000, you can get to $94,000 after maybe $95,000 and then I think you’ll probably go back down again.”
The analyst…
