An analyst who bucked the trend and bought Bitcoin (BTC) at its lows late last year is updating his outlook on the crypto markets.
The pseudonymous trader, who goes by the name DonAlt, says Bitcoin now has a sustainable, real narrative amid the backdrop of failing banks in the US and abroad.
At this point, the trader believes BTC will never again dip below $20,000, and bears waiting for another crypto meltdown will not get the entry they are looking for.
This literally just means I think $20k was THE low and we’ll not go below it again
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If I’m wrong the whole idea is wrong, but I doubt I am.
Given I don’t know the future it’s nice to know that I’ll lock in
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