Bitcoin Rebounds Above $61,500 And $80K Is More Likely Than $40K, Says Top Technical Analyst
Portfolio Pulse from Khyathi Dalal
Bitcoin has rebounded above $61,500, with technical analyst DonAlt suggesting $80,000 is more likely than $40,000 for its next major move. Despite bearish short-term signals, the analyst remains cautiously optimistic, holding a position around $58,000.
October 04, 2024 | 1:24 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Bitcoin has rebounded above $61,500, with technical analyst DonAlt suggesting $80,000 is more likely than $40,000 for its next major move. Despite bearish short-term signals, the analyst remains cautiously optimistic, holding a position around $58,000.
The article highlights a positive outlook from a respected analyst, DonAlt, who suggests that Bitcoin is more likely to reach $80,000 than fall to $40,000. This optimistic view, despite some bearish short-term signals, could boost investor confidence and drive the price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100