From the statement that #Bitcoin is trending downward, the Central Bank of Korea has the right to investigate virtual assets. Here are some outstanding news in the crypto market.

A widely followed trader is issuing a warning as the cryptocurrency market begins to trend downward.

Analyst and trader DonAlt told his 479,100 Twitter followers that the market rally appears to be “tainted” by Bitcoin (BTC) failing to conquer key resistance.

According to DonAlt, his exit strategy is based on Bitcoin not being able to surpass the $32,000 price level.

DonAlt also warned that Bitcoin is at risk of seeing a major sell-off as on the weekly timeframe it is trading below a key level for bulls.

“If #BTC closes below $29,500 this week then the market has probably set a top in this bull run. BTC is likely to return to $24,000 or even $20,000 if something extreme happens. A close above $30,000 this week would help the market maintain its upward momentum. While a close above $32,000 would be very positive.”

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