DonAlt analyst predicts the fall of Bitcoin and Ethereum

A popular cryptocurrency analyst under the pseudonym DonAlt has shared with his Twitter followers updated forecasts for the future of bitcoin and ethereum. Previously, DonAlt was convinced of the rapid growth of the main digital assets, but now the expert expects BTC and ETH to fall to previous levels.

The trader emphasized that the bull rally is not over yet, so investors should be on the lookout. Before it starts falling, the price of BTC $62,924.40 Bitcoin 2.12% Market capitalization $1.24 trillion VOL. 24 hours $1.36 billion will rise even more. «As long as the BTC rate does not fall below $ 18,000 to $ 19,000, market participants will have no reason to worry,» the analyst believes. However, in the near future, bitcoin will continue its upward trend, where the best level for profit-taking is around $ 32,000.

As for Ethereum, DonAlt did not name the indicators to which the main altcoin is likely to fall, but he noted that in recent weeks, ETH $3,481.62 Ethereum 2.51% Market capitalization $418.45 billion VOL. 24 hours $0.7 billion has performed worse than BTC. The nearest global resistance on the chart of the ethereum rate is $ 2200, the analyst believes. After that, we should expect a drop in quotes.

It is worth noting that earlier this week, DonAlt’s forecasts were more optimistic. The expert expected bitcoin to rise to $ 58,800 in February. «The situation is still bearish on the long timeframes. But when this monthly candlestick closes, we will see a change in the trend to a bullish one. When long-term investors increase their investments, we will see the real growth of bitcoin,» DonAlt emphasized on Monday.