A closely followed trader known for being early on the Bitcoin (BTC) bull run is issuing a warning that the current market cycle is probably already long in the tooth.
In a new strategy session on YouTube, the pseudonymous trader known as DonAlt tells his 65,000 subscribers that price targets for BTC above $150,000 are likely too aggressive.
DonAlt also says that he’s anticipating an end to the market cycle in the next couple of months, rather than targeting a late-2025 peak that some analysts are forecasting.
“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.
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.”
At time of writing, Bitcoin is trading at $94,586.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Follow us on X, Facebook and Telegram
Generated Image: Midjourney
Read the full article here
