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In a recent <\/span>YouTube interview<\/span> with TechnicalRoundup, crypto Analyst DonAlt revealed he had purchased Bitcoin after the asset fell below the $25,000 level. According to the analyst also predicted the crypto market bottom in 2022, he had two choices before opening the new BTC position<\/span><\/p>\n Explaining the reasoning behind his decision to purchase Bitcoin, <\/span>DonAlt told TechnicalRoundup:<\/span><\/p>\n We\u2019re at the point where you could make an argument for buying here [around $26,000]. And if you\u2019re wrong, you get stopped out, and you get to buy at $19,000. <\/span>The problem with kind of not doing anything, and the reason why I took a trade \u2013 I bought like a little bit, not too much, but a little bit of Bitcoin \u2013 is, basically, because I\u2019m just guessing that I will not get an entry otherwise.<\/span><\/p>\n<\/blockquote>\n Furthermore, DonAlt <\/span>stated<\/span><\/a> that if his prediction is correct, he will exit the trade after attaining a profit level of double-digit percentage points. According to him, his profit target is $30,000, but with a neutral sentiment on the trade.\u00a0<\/span><\/p>\n \u201cI\u2019m not too bullish. I\u2019m not too bearish. The reason why I kind of think this is an interesting trade in general is, basically, because I think if this fails\u2026 if you break down here [below $24,900]. <\/span>I think we\u2019re going to start capitulating. <\/span>And then we\u2019re going to start capitulating proper. And we\u2019re going to go to $20,000. So, you basically have an invalidation around $25,000 right now,\u201d he added.<\/span><\/p>\n Meanwhile, bitcoin trades at <\/span>$26,638<\/span>\u00a0today, September 15, above the $24,900 capitulation zone.\u00a0<\/span>And according to another crypto analyst, <\/span>Ali Charts<\/span><\/a>, the TD sequential indicator has displayed a buy signal for BTC on the weekly chart.<\/span><\/p>\n However, he believes that for this sentiment to be confirmed, BTC must close this week above $25,600. If this happens, BTC could rally to $28,350 or up to $31,800.\u00a0<\/span><\/p>\n Crypto analyst <\/span>Titan of Crypto<\/span><\/a>, with over 44,000 Twitter followers, also chimed in on the asset, saying that past performance does not guarantee future results. However, he believes comparing the present price action to previous ones is important.<\/span><\/p>\n He <\/span>said<\/span> that if BTC follows its past price action and there is no negative event before its halving, it can attain $37,500 before a pullback.\u00a0<\/span><\/p>\nDonAlt Shares Insights On Bitcoin\u2019s Next Price Moves<\/h2>\n
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Will Bitcoin Hit The $30,000 Mark?<\/h2>\n