Bitcoin Bulls Should Be 'Cautious' At $61.5K And Bearish Below This Crucial Level, Says Veteran Trader
Portfolio Pulse from Khyathi Dalal
Veteran trader DonAlt advises caution for Bitcoin at $61.5K and bearishness below $58K. He sees potential in Ethereum despite its underperformance and views Dogecoin as a speculative bet at $0.10. He remains bullish on Bitcoin's long-term potential.
September 26, 2024 | 7:18 pm
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NEUTRAL IMPACT
DonAlt is bullish on Bitcoin but advises caution if it drops below $61.5K and bearishness below $58K. He believes in Bitcoin's long-term potential to replace gold.
DonAlt's caution at $61.5K and bearish stance below $58K could lead to short-term volatility. His long-term bullish view supports potential recovery.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Dogecoin is seen as a speculative bet at $0.10. DonAlt warns of potential sideways trading but sees it as a reasonable bet on market recovery.
Dogecoin's current support level at $0.10 offers a speculative opportunity. DonAlt's view suggests a neutral short-term impact with potential for recovery.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Ethereum is underperforming Bitcoin but shows potential support levels. DonAlt holds a small position, seeing it as underappreciated.
Ethereum's underperformance and potential support levels suggest a neutral short-term impact. DonAlt's small position indicates cautious optimism.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70