An analyst who rode the 2023 crypto breakout believes that Bitcoin’s bull market will remain “incredibly strong” even if BTC plummets to $52,000.
In a new strategy session, pseudonymous analyst DonAlt tells his 59,100 YouTube subscribers that a 30% correction from BTC’s all-time high should not be surprising considering that Bitcoin rose by almost 170% from October to March.
According to the top analyst, a drop to $52,000 will not negatively impact the high time frame strength of BTC.
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“I think even if this pulls back to $52,000, it would look incredibly strong. That’s a tiny pullback in the grand scheme of things.
The high time frames and even I would classify the weekly as a high time frame as well still look really good.
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