There are two new Bitcoin price predictions out today, and you can check them out below. The crypto market looks pretty bloody at the beginning of this week, but this is not stopping people from dropping all kinds of optimistic prediciotns about the prices of some digital assets.
New Bitcoin price predictions are out
It’s been revealed that there is a popular crypto strategist who is mapping out two potential scenarios that he believes are the most likely paths for Bitcoin (BTC) in the coming weeks.
During a new strategy session, pseudonymous analyst DonAlt said that he thinks Bitcoin could gather bullish momentum in the short term before igniting a strong rally in the next month or so.
“There’s a good chance that we’re going to have small candles to the upside for the next three, four, five weeks, and then a pop up at some point. That’s my most likely scenario.”
It’s also worth noting the fact that DonAlt is bullish on the leading digital asset. On the other hand, it’s also important to note the fact that he is also considering the possibility of a short-term pullback to around $18,000.
“Obviously, [it’s] also possible to come back into this weekly support. I don’t think it would break on the second test. We tested it once. It’s an excellent support level. Even if we round out of come back, I think it’s going to hold on the second test as well.”
He also said
“I think we’re going to hold $18,000 – $19,000.”
The analyst believes that if you’re playing it bullishly, “slow crawl up into resistance ($30,000), into liquidation through resistance would make a lot of sense to me. Those are the two most likely outcomes.”
At the moment of writing this article, BTC is trading in the red, and the king coin is priced at $21,094.