A crypto strategist who correctly predicted Bitcoin’s 2022 bear market bottom states that two key factors need to occur for BTC to regain robust bullish momentum.
In a strategy session, the pseudonymous analyst DonAlt informs his 66,100 YouTube subscribers that Bitcoin bulls must reclaim a significant price point as support to alleviate the current selling pressure.
Additionally, he mentions that US President Donald Trump should refrain from making statements, including tariff threats to China, Canada, and Mexico, which negatively impact the stock market.
“If we return to $90,000, convert it [into support] on the daily, weekly, or monthly time frame, it doesn’t matter… I believe we could see some positive price movement. We need a bit of that, along with Trump stopping his actions that harm the US markets.”
“Once both of those conditions are fulfilled, I expect we will witness surprisingly strong price action again.”
DonAlt asserts that unless both conditions are met, BTC bears currently have the advantage.
“At this moment, the situation appears clear, and we do have macro factors supporting this range breakdown, technically speaking. If you’re solely analyzing the technicals, along with macro elements, it is reasonable to consider this as a broken range until proven otherwise.”
As of now, Bitcoin is valued at $83,658.
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