‘We’re Still in Danger Territory’: Crypto Analyst Unveils Bearish Setup for Bitcoin – Here Are His Targets
A trader and analyst who accurately predicted the crypto bottom in November of 2022 is warning that Bitcoin (BTC) may be on the verge of a downtrend.
In a new video, the trader pseudonymously known as DonAlt tells 66,200 subscribers of the TechnicalRoundup YouTube channel that Bitcoin remains at high risk of plummeting in value.
“But we’re still in danger territory. I don’t want to bull talk too much while we are in the area where we can get rejected easily.”
The analyst says Bitcoin may be on the verge of a collapse at current price levels, or the flagship crypto asset may surge briefly to the $90,000 level before entering a downtrend after facing resistance.
“For the bears, you can make an argument that this is…
