A widely followed crypto analyst who called the crypto bottom in November of 2022 says he has re-entered the market with a new long position on Bitcoin (BTC<\/a>).<\/p>\n The analyst pseudonymously known as DonAlt tells<\/a> his 509,700 followers on the social media platform X that he entered a long position on Bitcoin at approximately $27,000.<\/p>\n DonAlt says his bullish thesis will be invalidated if BTC falls to approximately $24,000.<\/p>\n Fellow trader Credible Crypto is also bullish on Bitcoin. The analyst tells<\/a> his 346,800 followers on the social media platform X that Bitcoin has \u201claunched\u201d after appreciating by slightly over 10% since the start of the week.<\/p>\n \u201cKeeping it as simple as it can get:<\/i><\/p>\n The same way $26,800 was the origin of our last impulse, $28,600 is now the origin of the current one. Above that, we are going A LOT higher, FAST. <\/i><\/p>\n Drop below $28,600 and the local uptrend will be violated and we may get a bit of a pullback, but until then, STRAP IN!\u201d<\/i><\/p>\n On the fate of altcoins amid a rallying Bitcoin, Credible Crypto says<\/a>,<\/p>\n \u201cThe black hole is coming. All the liquidity that is holding your precious altcoins up right now will be absorbed into daddy BTC soon. Relief for altcoins comes with a break of new highs, and then they will shine.<\/i><\/p>\n But first, make way for the king.\u201d<\/i><\/p>\n Bitcoin is trading at $29,500 at time of writing.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
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