Analyst Predicts Bitcoin Can Overcome $70,000 Resistance

A leading analyst who accurately forecasted Bitcoin's lowest price in 2022 now believes Bitcoin's bearish pressures have been fully exhausted.

In a recent update, the analyst, known as DonAlt, expressed strong optimism about Bitcoin’s future performance. He indicates that there is no significant resistance left to impede Bitcoin’s potential gains, except for highly unlikely catastrophic events.

DonAlt asserts:

“The major resistance at $70,000 seems to have been neutralized after numerous tests.

Unless Bitcoin’s price drops below $63,000—an unlikely scenario given current market conditions—the path ahead appears clear for further gains.”

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He elaborates that previous resistance levels around $70,000 have weakened due to multiple tests, making them less of a hurdle for Bitcoin’s price movement.

Technical analysis suggests that resistance levels lose their strength with repeated testing, as the selling pressure at those levels diminishes.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.