Pseudonymous analyst DonAlt said Bitcoin’s monthly chart still looks strong, even though shorter-term charts may look weak. The report says his comments suggest a bullish view only while Bitcoin stays above $70,000; DonAlt did not state that threshold in the quoted remarks.
Bitcoin fell to $79,732 on October 15 before rebounding toward $85,000, according to the report. DonAlt said the recovery had put it in the green for October. The report listed Bitcoin at $84,225 at the time of writing, without giving a date for that price.
