<div class="fintechs">
 <figure class="wp-block-image size-full is-resized">
 <img src="https://cdn.thebittimes.com/images/2023/08/02/99588f6e0dfe77495a55277e210bf156.webp" alt="Bitcoin's Fate: Renowned Trader Who Nailed 2023 Crypto Breakout Now Unveils Worst-Case Projection" width="640" height="427"> <img src="https://cdn.thebittimes.com/images/2023/08/02/99588f6e0dfe77495a55277e210bf156.webp" alt="Bitcoin's Fate: Renowned Trader Who Nailed 2023 Crypto Breakout Now Unveils Worst-Case Projection" width="640" height="427">
 </figure>
 <h2 class="wp-block-heading" id="strong-the-leading-digital-asset-is-no-longer-under-the-grip-of-bitcoin-btc-bulls-according-to-a-prominent-trader-who-successfully-rode-the-cryptocurrency-breakthrough-earlier-this-year-strong">The leading digital asset is no longer under the grip of Bitcoin (BTC) bulls, according to a prominent trader who successfully rode the cryptocurrency breakthrough earlier this year.</h2>
 DonAlt, a fictitious analyst, tweets his 499,300 followers that he is now bearish on BTC.
 The crypto expert claims that after losing $30,000 as support, BTC can correct down to $20,000.
 “Turned from neutral to bearish on the large timeframes here. It’s officially a whatever market again, expecting chop, rug pulls and general shittiness at best until we make it back above $30,000. At worst, I’ll see you at $20,000.”
 <figure class="wp-block-image size-large">
 <img width="640" height="314" src="https://cdn.thebittimes.com/images/2023/08/02/b4919cc4f81847ce747a8a4dfc639d88.webp" alt=""> <img loading="lazy" width="640" height="314" src="https://cdn.thebittimes.com/images/2023/08/02/b4919cc4f81847ce747a8a4dfc639d88.webp" alt="">
 </figure>
 Source:&nbsp;DonAlt/Twitter
 DonAlt believes that $27,000 may support Bitcoin, but he’d like to wait until BTC rises above $30,000.
 “Still watching $30,000 for the first signs that bulls haven’t been neutered but the bulls keep disappointing. $27,000 is support but not good enough for me to blind bid. I’d rather just wait until we get some bull momentum back. As in nothing changed, still bearish.”&nbsp;
 Even if Bitcoin sells for around $30,000, fellow analyst Credible Crypto is still optimistic about it. According to the analyst, Bitcoin has a pattern of shattering range support levels before sparking sharp rallies since it bottomed out last year.
 “We’ve been repeating the exact same pattern with every single accumulation/consolidation structure since our bottom at $15,000. It’s almost time for the next impulse.”
 <figure class="wp-block-image size-large">
 <img width="640" height="335" src="https://cdn.thebittimes.com/images/2023/08/02/3b6c10fc29195e99859c1fc7f3bde410.webp" alt=""> <img loading="lazy" width="640" height="335" src="https://cdn.thebittimes.com/images/2023/08/02/3b6c10fc29195e99859c1fc7f3bde410.webp" alt="">
 </figure>
 Source:&nbsp;Credible Crypto/Twitter
 Credible Crypto looks to forecast a Bitcoin rise towards $38,000 based on his chart.
 As of the writing of this article, BTC is worth $29,765.
</div>

Bitcoin’s Fate: Renowned Trader Who Nailed 2023 Crypto Breakout Now Unveils Worst-Case Projection

Table of Contents

TheBitTimes

Other articles published on Aug 2, 2023

Join our free newsletter for daily crypto updates!