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A popular cryptocurrency analyst under the pseudonym DonAlt told his 456,000 subscribers that the growth of the cryptocurrency market at the beginning of 2023 was just the beginning and the price of bitcoin will continue to grow.
Since the beginning of the year, the first cryptocurrency has grown in price by almost 40%. Now, according to DonAlt, money from long-term investors is pouring into bitcoin. This is a positive sign and a signal for continued growth.
“Now on long timeframes the situation is stillbearish. But when this monthly candle closes, we will see a change in trend to bullish. Therefore, long-term investors will increase their investments in two weeks, and we will see a real rise in bitcoin,” the analyst writes.
According to DonAlt, if a monthly candle in the chartBitcoin closes above $20,000, then the BTC rate may well continue to rise to $35,000. Stronger resistance is formed at $58,800. In the middle of the day on Monday, January 23, Bitcoin was trading at $22,900. The analyst believes that the rate of the first cryptocurrency has already passed the bottom and now all indicators speak in favor of growth.
Previously made a similar prediction
and another popular cryptocurrency analyst under the pseudonym Kaleo. In his opinion, bitcoin could reach $30,000 as early as February of this year.