Top analyst reveals the level at which Bitcoin will eventually break out of “endless chop” – this is his prediction

A top crypto strategist known for making well-timed Bitcoin calls has outlined the price level at which he believes BTC's eight-month sell-off could end.

Pseudonymous analyst Don Alto told his 589,100 followers on social media platform X that he believes Bitcoin will gain further bullish momentum if it clears a key resistance area.

The trader also notes that it would be healthy for Bitcoin to retest immediate support before moving higher.

“For >$65,000, I think we can finally escape the never-ending cuts.”
<$58,000 and sadness awaits
>$61,700 is a good first step towards breaking $65,000

I hope that when all this hardship is over, I will be able to ascend. ”

At the time of this writing, Bitcoin is trading at $62,663.

DonAlt also focuses on Ethereum (ETH), the top smart contract protocol. According to the analyst, ETH appears to be forming an ascending triangle pattern, a bullish reversal structure when an asset removes horizontal resistance.

“We call it the coping triangle.”

DonAlt said in a video update that it would start looking bullish if ETH spikes above horizontal resistance.

“Above $2,700 is already enough. Like above $2,700, ETH starts to look very attractive. Even if it doesn't, $2,500 is fine if you really want to be aggressive. .”

At the time of writing, Ethereum is worth $2,458.

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