Bitcoin

<p><a href="https://en.coin-turk.com/record-open-interest-in-bitcoin-and-ethereum-options-on-deribit-exceeds-20-billion/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Crypto</a> <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">analyst</a> DonAlt, known for profiting from the recent crypto rally at the beginning of the year, has reiterated his bullish view on <a href="https://en.coin-turk.com/binance-ceo-dismisses-rumors-about-bitcoin-sale-amid-market-rumblings/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC). The analyst pointed to the price trading above $32,000 as a reason for his bullish expectation. DonAlt also identified the level that would accelerate the rise in Ethereum (ETH).</p>
<h2 id="bitcoin-bullish-expectations-reiterated">Bitcoin Bullish Expectations Reiterated</h2>
<p>Anonymous crypto analyst DonAlt highlighted on his personal X (formerly known as Twitter) account that Bitcoin is currently trading in a wide range between $32,000 and $60,000. The analyst emphasized that Bitcoin’s price being well above the recent bottom at $32,000 indicates that the bulls are in control of the largest cryptocurrency. DonAlt stated:</p>
<blockquote>
 <p>It’s trading above the bottom range. It can’t get much better than this. As long as the price holds above $32,200, I don’t think there’s anything other than a massive rally ahead. If we lose the low range, then we can start talking about a decline.</p>
</blockquote>
<p><img decoding="async" class="aligncenter size-full wp-image-274187" src="https://coin-turk.com/wp-content/uploads/2023/11/Bitcoin-BTC-Dolar-scaled.jpeg" alt="" width="2560" height="1246"></p>
<p>The analyst previously indicated in a Bitcoin analysis that the largest cryptocurrency faces no significant resistance up to $60,000 in the higher time frame, signaling a continuation of the upward trend.</p>
<h2 id="ethereum-marks-critical-level-at-2-096">Ethereum Marks Critical Level at $2,096</h2>
<p>DonAlt, looking at the second-largest smart contract platform and the largest altcoin Ethereum after Bitcoin, predicted that ETH would likely continue to underperform compared to BTC. The analyst shared a chart showing a continuous downtrend in the ETH/BTC trading pair.</p>
<p><img decoding="async" class="aligncenter size-full wp-image-274188" src="https://coin-turk.com/wp-content/uploads/2023/11/ETH-BTC-Altcoin-scaled.jpeg" alt="" width="2560" height="1399"></p>
<p>DonAlt emphasized that if ETH/BTC manages to surpass a key price area, his expectation for a decline would change, stating, “If it breaks above 0.06 BTC ($2,096), I’ll change my bearish expectation.”</p>
<p>At the time of writing, ETH/BTC is trading at 0.0723 BTC ($2,526), experiencing a decline of about 25% since the beginning of the year when it traded at 0.0542 BTC ($1,894).</p> Continue Reading: <a href="https://en.coin-turk.com/bitcoin-analyst-donalt-reiterates-bullish-expectations-as-price-remains-above-32000/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/bitcoin-analyst-donalt-reiterates-bullish-expectations-as-price-remains-above-32000/</a>

Bitcoin Analyst DonAlt Reiterates Bullish Expectations as Price Remains Above $32,000

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