DonAlt posted a new bitcoin price forecast in his Twitter and YouTube accounts today. He has a total of almost 500 thousand followers on all of his social media, including subscribers to his YouTube channel TechnicalRoundup.
DonAlt wrote that he is going to buy Bitcoin assets right now, at a price around $19,000 and feels that it is the right time to buy crypto below the price of $20,000. He doesn’t rule out the possibility of Bitcoin prices lowering even more in the short term. In that case, he is going to buy even more and add spots to his position.
DonAlt’s reasoning is shared by other well-known cryptocurrency Twitter accounts such as TraderSZ and CryptoISO, and they seem to have reached the point beyond which the bull market is likely now. This means not shorting in a long-term downward macro trend, even if it is just a bear market rally.
His advice is to invest in Bitcoin when the market price starts to rise. This is because of the green candles shared by ardent Bitcoin speculators like Michael Thaler and his $100,000 goal price.
The long-term Bitcoin price trend
Later, as the bitcoin price started to go through a nearly 12-month correction prosedure, DonAlt had previously warned against opening positions, mostly in cash. He also criticized Dockwon and Terra LUNA well before the May 2022 crash.
DonAlt later highlighted the above price in a bitcoin analysis video. He said he doesn’t expect bitcoin to reach $33,000 anytime soon, but $12,000 to $14,000 by the first quarter of 2023. His Bitcoin price target is around $29,000, where he is selling Bitcoin to reduce risk.
Cryptocurrency price volatility
The Bitcoin value is presently staying at the $19,200 level, up about 1% in the last 24 hours and returning to previous numbers quickly after two small drops today following the release of PPI data.
Taking into consideration Bitcoin’s value today, CryptoISO, which has 115,000 subscribers, expects the PPI to rise shortly if there are any positive signs. Some of the altcoins that have been in the spotlight are returning to the new lines right now – Tamadoumo (TAMA) is up 29% in the last day on the OKX trading platform.
