Crypto Analyst Warns of 2021-Style Bitcoin Bull Market Top, Says ‘All Bets Are Off’ if BTC Loses Crucial Level
An analyst who called the 2023 Bitcoin breakout is warning that the crypto bull market may witness an abrupt end if BTC fails to stay above a critical price area.
Pseudonymous analyst DonAlt tells his 66,400 YouTube subscribers that Bitcoin is at risk of repeating its 2021 bull market top, when BTC lost all momentum after failing to rally above a cycle high of about $69,000.
“We had a breakout [at $60,000 in 2021]. You really don’t want to see that breakout get stuffed. And the moment we closed below $60,000, I was like, ‘Okay, this is kind of [messed up].”
After Bitcoin failed to hold $60,000 in November 2021, BTC witnessed a multi-month downtrend that drove the crypto king to prices below…
