An analyst who called for the outbreak of Bitcoin 2023 warns that the Crypto Bull market may witness a sudden end if BTC fails to stay over the critical price area.
The 66,400 nicknames of Donalt informs YouTube subscribers that Bitcoin is at risk of repeating the bull market summit 2021, when BTC lost all momentum after failing to rise over a cycle above $ 69,000.
“We had an outbreak [at $60,000 in 2021]. You really don’t want to see this penetration stuffed. And the moment you closed less than $ 60,000, you are like, “Well, this is a kind of [messed up]”
After Bitcoin failed to get $ 60,000 in November 2021, BTC witnessed a multi -declined trend that pushed The Crypto King to prices less than $ 20,000.
Now, Donalt warns that Bitcoin may be in a similar position because it is struggling to obtain its last resistance for $ 110,000.
“You can argue the same thing here. I don’t necessarily think that 104,000 dollars are good enough, but it will be an early warning sign if we start losing it. Then you can make the comparison easier. Then a little better warning sign, I think, is about $ 100,000, as we start entering into losing lands.
Then if we start mystery there, all bets are suspended, then the time to run is likely. ”
At the time of this report, Bitcoin is traded at $ 107,590.
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