🧵 1. Top crypto strategist DonAlt suggests Bitcoin may need stock market strength to hit new highs, despite positive developments in the crypto space. #crypto
🧵 1. Top crypto strategist DonAlt suggests Bitcoin may need stock market strength to hit new highs, despite positive developments in the crypto space. #crypto
🧵 2. DonAlt believes Bitcoin's price surge depends on the S&P 500's performance, with BTC recently closing above $65,500. Will stock market strength push BTC to new highs?
🧵 3. With Bitcoin showing relative weakness compared to the stock market, DonAlt points out the significance of S&P 500's performance for BTC's momentum.
🧵 4. Analyst DonAlt highlights Bitcoin's weekly close above key support, hinting at potential for a rally to fresh all-time highs if S&P 500 continues its rise.
🧵 5. Bitcoin currently stands at $66,436, with DonAlt's analysis suggesting potential for further gains if the S&P 500 maintains its strength. Stay tuned for updates!
🧵 Read more at: https://dailyhodl.com/2024/06/17/two-things-must-happen-for-bitcoin-to-target-new-all-time-highs-according-to-analyst-who-called-2022-btc-bottom/