A Longer Bitcoin Range Could 'Pave The Way Towards $80K+,' Says Trader
Portfolio Pulse from Khyathi Dalal
Cryptocurrency trader DonAlt predicts Bitcoin could reach $80,000+ if it maintains a longer range between $65,000 and $68,300. He suggests the current cycle is too late for new purchases unless deploying large capital. Liquidations and short-term price movements indicate volatility, while another trader labels the recent breakout a 'true bull market classic.' The upcoming Benzinga event will explore Bitcoin's institutional impact.
April 05, 2024 | 6:24 pm
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POSITIVE IMPACT
DonAlt's analysis suggests a bullish outlook for Bitcoin, predicting a potential rise to $80,000+ if it maintains a specific price range. Recent volatility and liquidations indicate active market movements.
DonAlt's prediction is based on Bitcoin maintaining a longer price range, which he believes could lead to significant gains. The recent liquidations and month-over-month performance support the notion of a volatile but potentially bullish market. His analysis, combined with the market's current dynamics, suggests a positive short-term impact on Bitcoin's price.
CONFIDENCE 75
IMPORTANCE 90
RELEVANCE 100