Pseudonymous trader and cryptanalyst DonAlt has issued a stern warning about the crypto market as a market begins to trend downward.

In a tweet on Friday, the analyst wrote that the Crypto market rally appears to have been “tainted” with bitcoin BTC/USD failing to overcome a significant level of resistance.

Earlier this year, DonAlt outlined its exit strategy based on Bitcoin’s failure to break through the $32,000 price level.

The analyst wrote that the leading cryptocurrency is in danger of seeing a major sell-off as it traded well below a key level.

“Close below $29,500 this week and I’m looking at the top of this rally and expect $24,000 or even $20,000 if extreme happens. A close above $30,000 this week would still look like indecisiveness to me. A close above $32k would look pretty good,” he tweeted.

At the time of writing, Bitcoin was trading at $27,595, down 10 percent over the past seven days.

Now quantitative analyst Plan B believes next year’s Bitcoin halving could send the cryptocurrency to new all-time highs.

PlanB tweeted Thursday that the stock-to-flow bitcoin model predicts bitcoin to surge more than 1,847% from its current value of $27,316. He added that Bitcoin is likely to hit its massive target after its halving.

Now read: Here’s why this analyst says a $10 trillion market cap for Bitcoin can happen

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