# Bitcoin at $22,000 Is Where "Dreams Are Made"

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Last modified: 2022-07-12

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By Paul Ebeling · 2022-07-12
Tags: Shayne Heffernan on Investments, Luxury, Bullish, Lifestyle, Paul Ebeling, Bitcoin, dreams, Education, Strategy, crypto, Bitcoin, Psychology, Knightsbridge Insights, Living, Knightsbridge, Featured, KNIGHTS
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#crypto #bitcoin #dreams #bullish

$BTCUSD

"A closely tracked crypto strategist who built his following with timely Bitcoin calls says $22,000 is a make or break level for the king crypto"--Paul Ebeling

Pseudonymous analyst DonAlt tells his 414,000 Twitter followers that he’s keeping an eye on how Bitcoin reacts as it slowly grinds its way up to $22,000.

*“Watching this is as exciting as watching paint dry. $22,000 is still where dreams are made. We either fail spectacularly there or bask in glory. There are honestly good bull and bear arguments to be made here. I still enjoy being bullishly positioned more though.”*

At time of writing, Bitcoin is changing hands for $20,000.28, down over 3% in the last 24 hours.

Although BTC has failed to surge above $22,000 2X over a span of 2 wks, DonAlt highlights that the leading digital asset is starting to flash a bullish market structure in the low timeframes.

*“Broke out of the low timeframe range. Generally, [I] don’t think levels are too important here. Market structure is much more so. This is the first time in quite a while that we’ve actually set a higher low and a higher high. [Above] $22,000 and I could see us fill the massive Three Arrows Capital gap.” *

DonAlt is referring to the massive sell-off from $28,000 ignited by the collapse of crypto hedge fund Three Arrows Capital. According to the crypto strategist, a move above $22,000 could propel BTC to its next resistance, which is around $30,000.

*“Haters hate. Support supports. Still A LOT of work to do but I still very much like this chart. Not calling for the end of the bear, just for a sizeable mean reversion.”*

In trading, mean reversion is the theory that prices will revert to their averages after an extreme move. In Bitcoin’s case, DonAlt posits that BTC is due for a mean reversion after it slid from about $30,000 all the way down to $17,600 in a matter of days.

A tip of the hat to sovereign individuals with satoshis and Bitcoin in cold storage with our firm. [Click here](https://knights.app/login)

[*Chec*](http://crypto.livetradingnews.com/en)[k Price Action](http://crypto.livetradingnews.com/en)

Have a prosperous week, Keep the Faith!

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