The crypto analyst DonAlt predicted Bitcoin's rise to the top of its market earlier in the year, and has since given a major update to traders on the state of BTC. According to DonAlt, a pullback may be on the horizon but the overall bull trend of Bitcoin remains intact.

DonAlt believes that, on the monthly timeline, Bitcoin has had an incredible, clear breakout. The price rose from a low of 16,000 to its current state of 28,000, and all of the major fallouts, such as Three Arrows Capital and LUNA, have been overcome. DonAlt believes that the weekly chart is looking great as well, as Bitcoin has had a massive breakout and is now going sideways in consolidation.

Although DonAlt is worried about the daily chart and the potential for a sharp and quick pullback, he believes that if a pullback does take place, it will not last long and Bitcoin will move right back up. DonAlt suggested that if a nuke situation happens and causes the coin to drop off, it is likely to go down to the 25,000 area.

At the time of publication, BTC is trading at $28,165, with a slight decrease of 0.2% in the past 24 hours. Despite this, DonAlt still expresses full confidence in Bitcoin, confident in its ability to overcome any sort of pullbacks, and believes that its overall bull trend will remain intact. For traders wanting to buy or sell the coin, DonAlt's update is one that should be taken seriously, as he has confidently shown an accurate outlook and take on the current trends of Bitcoin.



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