A prominent trader known as DonAlt is warning about Bitcoin's failure to break above a key resistance level, causing him to feel "very, very bearish" about the cryptocurrency. DonAlt cites Bitcoin's inability to climb above the resistance level at around $32,000, despite global stock markets demonstrating strength, as a reason for his bearish sentiment. He also notes that Bitcoin's downward trend in a positive news environment is concerning. DonAlt believes that Bitcoin is losing support and grinding lower, which is not a good sign for those who want to hold onto the cryptocurrency.
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