{"id":378536,"date":"2025-03-05T16:28:11","date_gmt":"2025-03-05T10:58:11","guid":{"rendered":"https:\/\/dripp.zone\/news\/heres-when-the-bitcoin-correction-could-be-overdone-according-to-analyst-who-nailed-2022-btc-bottom-crypto-news\/"},"modified":"2025-03-05T16:31:39","modified_gmt":"2025-03-05T11:01:39","slug":"heres-when-the-bitcoin-correction-could-be-overdone-according-to-analyst-who-nailed-2022-btc-bottom-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/heres-when-the-bitcoin-correction-could-be-overdone-according-to-analyst-who-nailed-2022-btc-bottom-crypto-news\/","title":{"rendered":"Here\u2019s When the Bitcoin Correction Could Be \u2018Overdone,\u2019 According to Analyst Who Nailed 2022 BTC Bottom &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>A crypto strategist known for nailing the 2022 Bitcoin bottom believes that the current correction will climax once <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/bitcoin\/\" rel=\"noopener\" target=\"_blank\">BTC<\/a> hits a key price level.<\/p>\n<p>In a strategy session, the pseudonymous analyst DonAlt <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=FO7jissnJMg\" rel=\"noopener\" target=\"_blank\">tells<\/a> his 65,900 YouTube subscribers that while he\u2019s still bullish on Bitcoin, he thinks that BTC can witness a 30% devaluation from current levels before bottoming out.<\/p>\n<p>According to the analyst, the $80,000 range offers no support for BTC, so he\u2019s waiting for the crypto king to either drop to the $60,000 price range or reclaim the $90,000 level as support before taking additional risk.<\/p>\n<p><em>\u201cI could see myself, if we do dip into that monthly area like $60,000 to $70,000 I think at that point the move is too big. Let\u2019s say this just keeps on dumping every single day for the next couple of days and we dump into $60,000 to $70,000, I think at that point the move is overdone, and I might actually play some leverage again\u2026<\/em><\/p>\n<p><em>But other than that, there\u2019s much interesting stuff here. Right now at $80,000, I\u2019m looking at this from the lens of we\u2019re in the middle of nowhere on the monthly [time frame]. It\u2019s still bullish technically but no support is necessarily there.\u00a0<\/em><\/p>\n<p><em>I\u2019m not really in a rush on this. If it goes back up and shows strength in the old cluster, in the old consolidation, then I\u2019m down to increase risk as well but until then, just chill and see how it goes.\u201d<\/em><\/p>\n<figure id=\"attachment_321050\" aria-describedby=\"caption-attachment-321050\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-321050\" class=\"wp-caption-text\">Source: DonAlt\/YouTube<\/figcaption><\/figure>\n<p>At time of writing, BTC is trading for $87,155.<\/p>\n<p><iframe loading=\"lazy\" title=\"Where Is the Bitcoin Bottom?\" width=\"740\" height=\"416\" src=\"https:\/\/www.youtube.com\/embed\/FO7jissnJMg?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\/\" target=\"_blank\" rel=\"noopener\">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\/\" target=\"_blank\" rel=\"noopener\">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\" target=\"_blank\" rel=\"noopener\">X<\/a>, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/thedailyhodl\/\" target=\"_blank\" rel=\"noopener\">Facebook<\/a> and <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.me\/thedailyhodl\" target=\"_blank\" rel=\"noopener\">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>&#038;nbsp<br \/>\n<center><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2018\/06\/Get-Alerts-728x90.png\" width=\"800\" height=\"99\"\/><\/center><\/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><span style=\"font-size: 10pt;\"><em>Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A crypto strategist known for nailing the 2022 Bitcoin bottom believes that the current correction will climax once BTC hits a key price level. In a strategy session, the pseudonymous analyst DonAlt tells his 65,900 YouTube subscribers that while he\u2019s still bullish on Bitcoin, he thinks that BTC can witness a 30% devaluation from current [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":378537,"comment_status":"closed","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-378536","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\/378536","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=378536"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/378536\/revisions"}],"predecessor-version":[{"id":378538,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/378536\/revisions\/378538"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/378537"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=378536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=378536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=378536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}