New Crypto Outlook Following Market Pullback

There is a new prediction about the future of the crypto market, especially following the latest pullback. Check out the latest reports about the crypto prices below.

A crypto analyst who boldly became a Bitcoin bull at BTC’s lows in November is updating his take on the market after a significant pullback.

The pseudonymous German trader, whose alter ego on Twitter is an anthropomorphic duck, sid recently that anyone shorting BTC may be making a mistake.

DonAlt says BTC’s recent uptrend – defined simply as an asset that’s posted a series of higher-highs in price, paired with higher-lows – remains intact.

In a recent YouTube update, DonAlt said it would take a sizeable pullback to make him reconsider his belief that this rally is not over yet.

“What I don’t want to be seeing is just massive drops.

Like let’s say we go to $20,000, $19,000, that’s where I start being a little bit worried that my thesis is wrong.”‘

He continued and said this:

“It could obviously still go up after that point but I would think that my thesis is wrong, which would probably make me want to sell.

Everything [above] that – I mean I don’t think anything can push me out of the position at this point.”

The really popular analyst and trader Michaël van de Poppe is updating his outlook on king crypto Bitcoin (BTC) over the coming weeks and months.

Van de Poppe said recently in a new video that Bitcoin could trade in a range for a while before rallying to a price of up to $40,000.

According to the popular crypto analyst and trader, the $37,000 to $40,000 price level is where most of the investors and traders with open positions in Bitcoin are likely to close their positions, possibly in the second quarter (Q2) of 2023.