Bitcoin $89,748.06 While the fluctuation in prices continued, the famous analyst Donalt drew attention to the critical levels on the market. Analyst predicted Bitcoin decline in 2022, said the current correction could end when it reached a certain point. According to Donalt, Bitcoin has a decline potential of up to 30 %.
Bitcoin’s decline potential and support levels
Donalt said that Bitcoin could not find enough support at the current levels and stressed that the market is cautious. According to the analyst, Bitcoin needs to create a more powerful support for permanent $ 80,000. However, technical indicators reveal the possibility of a decline to the $ 60,000 band.
Analyst said that two important price levels should be followed before taking additional risks. The first of these is that Bitcoin declined to $ 60,000 and has a new level of support. The other is the support of the $ 90,000 band in support. If these scenarios do not take place, market movements will continue to be risky.
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Market fluctuations and investment strategy
Addressing 65,900 subscribers on Youtube, Donalt said that Bitcoin’s daily movements were shaped by harsh fluctuations. In the technical analysis, the analyst said that the withdrawal at certain levels is inevitable and that investors should closely follow the general trend of the market.
Donalt said that if Bitcoin declined between $ 60,000-70,000, he would evaluate the risk again. However, he said that there is no strong support at the level of $ 80,000 and that the price should return to the previous condensation zone. For this reason, he stressed that he was not hasty and followed the general movements of the market carefully.
At the moment, Bitcoin is traded at $ 87,155. While the fluctuations in the market play a critical role in investor decisions, the comments of experienced analysts such as Donalt continue to guide market observers. It is recommended that investors should be careful and follow the price movements closely.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
