Markets

Bitcoin Precise Bottom Analyst Issues Crypto Warning, Separates Ethereum (ETH) and Litecoin (LTC) Forecasts!

The pseudonymous analyst DonAlt, who correctly predicted the bottom and sold the top of Bitcoin in November, has re-entered the market by buying Bitcoin at $23,

Bitcoin Precise Bottom Analyst Issues Crypto Warning, Separates Ethereum (ETH) and Litecoin (LTC) Forecasts!
Image preserved from the Inside Crypto archive

The pseudonymous analyst DonAlt, who correctly predicted the bottom and sold the top of Bitcoin in November, has re-entered the market by buying Bitcoin at $23,000. However, DonAlt warns that this is a make or break level in the short-term and there is a risk if the monthly closes poorly. If this happens, he may consider closing the position and rebuying at $20,000. DonAlt also shares his views on Ethereum, stating that he likes the ETH/BTC chart, but does not love the USD chart on daily, weekly or monthly time frames. He believes that $1,500 is a good level to buy if ETH should nuke. DonAlt also remains bullish on Litecoin and has a target of around $220.