DonAlt analyst predicts bitcoin’s growth to $ 58,800 in February

A popular cryptocurrency analyst under the pseudonym DonAlt has shared his own Bitcoin price forecasts with his 456,000 Twitter followers. According to the expert, the growth of the cryptocurrency market in early 2023 is only the first step before reaching new highs BTC $74,668.25 Bitcoin 0.38% Market capitalization $1.48 trillion VOL. 24 hours $3.49 billion

«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. According to the analyst, if BTC ends January growing, investors can expect the price of $ 58,800 in February.

According to DonAlt, the market leader will continue to grow until bears stop shorting BTC. The crypto strategist also noted that the current growth of bitcoin to $ 23,000−24,000 is similar to the chart when the token reached its maximum of $ 69,000.

It is worth noting that most cryptocurrency analysts are positive about the near future of bitcoin. Over the weekend, Kaleo predicted that the flagship cryptocurrency will return to the level of June 2021 in the coming weeks. Accordingly, in February, the HTS should grow by 30%. «When bitcoin breaks through all the supports, we will see consolidation at $ 30,000,» the analyst tweeted.