From speculation that the top asset's rally may be coming to an end to Celsius starting to sell stocks #altcoins. Here are some of the market highlights #crypto.
Traders who bought Bitcoin (BTC) at the bottom at the beginning of the year say the leading asset's rally may be coming to an end, despite positive developments for the market.
Trader DonAlt told 495,900 Twitter followers that BTC failed to make a profit despite good news boosting the market. This indicates that a sharp decline may be imminent.
According to DonAlt, if it loses the $30,000 mark, it essentially ignores Bitcoin spot fund announcements #ETF; positive comments from BlackRock CEO Larry Fink and a favorable verdict advantage in the US Securities and Exchange Commission (SEC) lawsuit against Ripple.
“If $30,000 is lost, everything will be off…Bulls need to push the momentum here or $20,000 could be in sight.”
To maintain strength and have a chance at a new high, DonAlt says BTC needs to close above $33,000. On the other hand, a close below the $29,500 mark would not bode well for the leading crypto asset.
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