News

October 31, 2023

Bitcoin Predicted to Surge to $35,000 in 2023: Analyst

Emily Tremblay
Written byEmily TremblayWriter
Researched byNikos PapadopoulosResearcher

Introduction

A trader who accurately predicted the previous crypto rally earlier this year believes that Bitcoin (BTC) is set to repeat its recent surge from $28,000 to a new high of $35,000 in 2023.

Bitcoin Predicted to Surge to $35,000 in 2023: Analyst

Key Points

  • Pseudonymous analyst DonAlt, with a following of over 500,000 on the social media platform X, suggests that Bitcoin's next major resistance level is at $60,000.
  • DonAlt highlights the significance of Bitcoin closing above $32,000 last week, signaling a return to the all-time high range.
  • Looking at the daily chart, DonAlt sees similarities in Bitcoin's current price behavior to its previous rally from $28,000.
  • While optimistic about Bitcoin's prospects, DonAlt cautions that the cryptocurrency is in a vulnerable position and advises market participants to closely monitor its movements.

Conclusion

Bitcoin is currently trading at $34,572, and according to DonAlt, it has the potential for significant upward or downward movement. Investors are advised to pay close attention to Bitcoin's performance as any correction at this point could be severe.

About the author
Emily Tremblay
Emily Tremblay
About

Emily, a dynamic blend of tech-savvy and casino enthusiast, hails from the snowy landscapes of Canada. With her innate grasp of cultural nuances, she ensures online casino guides resonate deeply with Canadians. Emily's spirited and engaging nature makes her a favourite among peers.

Send mail
More posts by Emily Tremblay
undefined is not available in your country. Please try:

Latest news

Shibarium: Thriving Community, Impressive Growth, and Increased SHIB Burn Rate
2024-02-16

Shibarium: Thriving Community, Impressive Growth, and Increased SHIB Burn Rate

News

Please confirm your location

This website only displays operators licensed in Ontario, Canada. Please confirm whether you are located in Ontario.

YesNo