A trader who caught this year’s crypto rally says that Bitcoin’s ( BTC ) recent price action does not bode well for the top digital asset’s outlook.
Pseudonymous analyst DonAlt tells his 497,700 Twitter followers that he believes the crypto markets are ripe for a sell-off event.

Looking at BTC’s chart, DonAlt says that Bitcoin is flashing signs of bearishness after moving below its immediate support at around $29,900.
“Now the technicals are bearish.
Still have the same gut feeling. It is what it is.
We’ll simply ignore the market until vibes improve.” 
Source: DonAlt/Twitter
Earlier this month, DonAlt said that it’s “lights out” for Bitcoin if it loses the key psychological level of $30,000, which has since manifested.
According to DonAlt, a sustained move below $30,000 could send Bitcoin to as low as $20,000.
With BTC now trading below the key level, the crypto strategist says that Bitcoin has until the end of the week to reclaim $30,000.
“The lights are flickering all around me.
Are they going out?
We’ll see next Sunday.”
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The post Trader Who Called 2023 Crypto Rally Has ‘Gut Feeling’ on Bitcoin’s Next Big Move appeared first on The Daily Hodl .