In a recent strategy session on YouTube, a well-known trader going by the name DonAlt is cautioning his audience that the current market cycle may be approaching its end sooner than expected. With a substantial following of 65,000 subscribers, DonAlt is renowned for his early predictions on the Bitcoin (BTC) bull run.
In his latest video, DonAlt expresses skepticism towards the aggressive price targets being set for BTC, particularly those exceeding $150,000. He believes that a target of $100,000 is more reasonable, with a potential stretch to $150,000 if conditions align favorably. However, DonAlt is hesitant to anticipate a significant surge beyond $200,000 during this cycle.
“I would like to see a last leg for everything. Like an aggressive last leg. Bitcoin to like $150,000, I think that’s already a tall ask, if everything goes crazy maybe it doubles but I don’t think this cycle we’re going to see more than $200,000, I think $150,000 would be a lot already. So Bitcoin [could go] another 10-20-30-40-50% if it goes really well. I think at that point you’re stretching it, and $100,000 is already basically the target that makes the most sense, everything else is a little bit more aggressive.”
Moreover, DonAlt suggests that the market cycle could potentially conclude within the next few months, contrary to projections of a late-2025 peak by other analysts. He speculates on the possibility of an altcoin rotation towards the end of the cycle, hinting at a shift in focus from Bitcoin to alternative cryptocurrencies.
“I hope we’re going to see a little bit of an altcoin rotation at the end of it. That’s kind of where my mind’s set but let’s see, it’s hard to predict this time around. I think time-wise, I don’t give it much more than a couple of months, at best, for this cycle to end. I could be wrong, we’ll see how it goes.”
As of the time of writing, Bitcoin is trading at $94,586. DonAlt’s insights serve as a valuable reminder to investors to stay informed and cautious amidst the fluctuating trends in the cryptocurrency market.
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In conclusion, while the future of Bitcoin and the broader cryptocurrency market remains uncertain, DonAlt’s perspective offers valuable insights for traders and investors navigating the current market cycle. Stay informed, stay cautious, and be prepared for potential shifts in the coming months.