Crypto analyst DonAlt told his nearly half a million followers on social media that for a full-blown bull run, Bitcoin needs to overcome an important resistance level around $33,000.
The expert notes that even if the level is passed, the road to the historical maximum will not be straight. DonAlt believes that after the $33,000 line is broken, there will be a small, fast corrective wave.
“If this is a fully bullish market, then the wave will look like this:”.
The figure shows that the analyst is confident that a breakout of resistance can push the price of bitcoin to $50,000. After that, a rollback to the resistance of $30,000 is expected.
I agree with DonAlt cryptostrategist under the nickname Cred. In his opinion, bitcoin will not meet any obstacles up to $32,500, the next obstacle will be the level of $35,000. If both milestones are taken, then BTC will quickly jump to $40,000 and above.
“Personally, I don’t see $30,000 as a major resistance level. I think the area between $30,000 and $35,000 is more important. Expect a downward reversal here before the market teleports BTC to $40,000.”
Earlier, DonAlt also noted the high probability of the growth of the historically first cryptocurrency.
