Analyst’s Prediction
DonAlt, a popular analyst who accurately predicted Bitcoin’s 2022 low, believes the current bull cycle could reach a peak of $100,000. He predicts a potential surge of over 45% from current levels.
Scenario 1: Correction to $50,000
DonAlt suggests that Bitcoin may experience a correction to $50,000 before reaching new highs. If this occurs, he believes it could signal the final push before the cycle ends.
Scenario 2: Direct Surge
If Bitcoin avoids a correction, DonAlt predicts a direct surge to a top of $70,000-$90,000. However, he warns that this could lead to a prolonged period of volatility.
Altcoin Mania
Regardless of the Bitcoin scenario, DonAlt expects altcoins to experience significant gains during this price rally. He believes that the market is already seeing a surge in altcoin activity.
Current Market
At the time of writing, Bitcoin is trading at $67,886, up 2.5% in the past 24 hours.
