{"id":369813,"date":"2025-02-17T14:17:45","date_gmt":"2025-02-17T08:47:45","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=369813"},"modified":"2025-02-17T14:17:45","modified_gmt":"2025-02-17T08:47:45","slug":"trader-sees-bitcoin-consolidation-resolving-to-the-upside-says-btc-witnessing-weak-sell-offs-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/trader-sees-bitcoin-consolidation-resolving-to-the-upside-says-btc-witnessing-weak-sell-offs-crypto-news\/","title":{"rendered":"Trader Sees Bitcoin Consolidation Resolving to the Upside, Says BTC Witnessing \u2018Weak\u2019 Sell-Offs &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>An analyst known for riding the 2023 crypto breakout believes that Bitcoin\u2019s current consolidation will end with <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/bitcoin\/\">BTC<\/a> bulls taking a victory lap.<\/p>\n<p>In a strategy session, pseudonymous analyst DonAlt tells his 65,700 YouTube subscribers that BTC bears had many chances to drive prices lower in the past weeks after President Donald Trump restarted trade war talks and considered acquiring other countries.<\/p>\n<p>According to the crypto strategist, any of those headlines could have catalyzed a deeper Bitcoin correction. But DonAlt says the fact that BTC is still trading above $90,000 despite an onslaught of bearish news makes him believe that Bitcoin is gearing up for much higher prices.<\/p>\n<p><em>\u201cI\u2019m not bearish. My gut feeling is that this resolves to the upside, but I also acknowledge that as long as we\u2019re trading below $101,000 or below the weekly mid-range [around $98,000], TA (technical analysis)-wise slightly leaning bearish.<\/em><\/p>\n<p><em> I just don\u2019t necessarily think it\u2019s very conclusive, especially given how strong the uptrend has been and how weak the sell-off has been considering that Trump has basically been throwing around tariffs, been talking about annexing Canada [and] Greenland\u2026<\/em><\/p>\n<p><em>You can make a list and if you threw any of these items on that list at me two or three years ago, and you asked me, \u2018Hey, how are markets looking?\u2019 I\u2019d be like \u2018Everything is dead, you know.\u2019\u00a0<\/em><\/p>\n<p><em>[But] then nothing has happened. It\u2019s barely led to any sell-off, so it\u2019s hard for me to be too bearish. I think just generally, it makes sense to be either neutral and wait for the momentum or be bullish even though the TA is not necessarily too bullish right now.\u201d<\/em><\/p>\n<figure id=\"attachment_319401\" aria-describedby=\"caption-attachment-319401\" style=\"width: 968px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-319401\" class=\"wp-caption-text\">Source: DonAlt\/X<\/figcaption><\/figure>\n<p>At time of writing, Bitcoin is trading for $96,310, down 1.43% in the past day.<\/p>\n<p><iframe loading=\"lazy\" title=\"Edge Extraction as a Crypto Scammer\" width=\"740\" height=\"416\" src=\"https:\/\/www.youtube.com\/embed\/D9iM4JNqOr4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><em><span style=\"font-size: 13pt\">Don&#8217;t Miss a Beat \u2013 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\">Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/><em><span style=\"font-size: 13pt\">Check <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/crypto-markets\/\">Price Action<\/a><\/span><\/em><br \/>\n<br \/><em><span style=\"font-size: 13pt\">Follow us on <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheDailyHodl\">X<\/a>, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/thedailyhodl\/\">Facebook<\/a> and <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.me\/thedailyhodl\">Telegram<\/a><\/span><\/em><br \/>\n<br \/><em><span style=\"font-size: 13pt\">Surf <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<p>&amp;nbsp<br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"\" src=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2018\/06\/Get-Alerts-728x90.png\" width=\"800\" height=\"99\" \/><\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><em><span style=\"font-size: 10pt\">Generated Image: Midjourney<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>An analyst known for riding the 2023 crypto breakout believes that Bitcoin\u2019s current consolidation will end with BTC bulls taking a victory lap. In a strategy session, pseudonymous analyst DonAlt tells his 65,700 YouTube subscribers that BTC bears had many chances to drive prices lower in the past weeks after President Donald Trump restarted trade [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":369818,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-369813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/369813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=369813"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/369813\/revisions"}],"predecessor-version":[{"id":369822,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/369813\/revisions\/369822"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/369818"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=369813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=369813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=369813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}