A closely watched trader known for his early participation in the Bitcoin (BTC) bull run warns that the current market cycle is likely 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 probably too aggressive.
DonAlt also says he expects the market cycle to end in the coming months, rather than targeting a late-2025 peak that some analysts are predicting.
“I would like to see a final stage for everything. Like an aggressive final stage. Bitcoin would like $150,000, I think that’s already a big ask. If everything goes crazy it might double, but I don’t think we’ll see anything over $200,000 this cycle. I think $150,000 would be a lot. So Bitcoins [could go] another 10-20-30-40-50% if things are going really well. I think you’re stretching it at that point, and $100,000 is actually already the most meaningful target, everything else is a little more aggressive.
I hope we see a little altcoin rotation at the end. That’s pretty much where my thoughts are focused, but let’s see, it’s hard to predict this time. I don’t think I’ll give it much more than a few months at best, time-wise, before this cycle ends.
I could be wrong, we’ll see how it goes.”
At the time of writing, Bitcoin is trading at $94,586.
https://www.youtube.com/watch?v=xW-JUZ9jLo
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