A widely followed trader and crypto strategist says he’s bullish on Bitcoin (BTC) until the price action proves him wrong.
In a new strategy session, pseudonymous trader DonAlt says that BTC is currently facing a weak resistance area in the weekly timeframe as the largest crypto asset continues to trade above $50,000.
“For me, you can argue that this is one [resistance at $60,000]. But for me, this has been tested so many times… I think there’s a good chance that we get checked here for a time, but I don’t think it’s going to hold longer-term. So I’m just going to remain bullish until I see weakness. Right now, I don’t really see too much of any kind of weakness. So [I’m] bullish