A trader who continues to build a following with timely Bitcoin (BTC) calls believes the crypto king is gearing up for another burst to the upside.
Pseudonymous analyst DonAlt tells his 508,100 followers on social media platform X that Bitcoin is looking very bullish after managing to stay above $34,000 last week.
DonAlt also says that while BTC may see sideways price action for some time, he is now prepared to do so delay his long-term Bitcoin stack as he expects more rallies for the crypto king.
“Considering that this could have been a false breakout, this actually looks surprisingly good.
We wouldn’t be surprised if we chopped it up for a while before shipping it in full. In general, if you get a dip towards $32,000-$33,000, you think you’ll be very lucky…
BTC is such a brain dead game this time that I’m literally ignoring everything else until I think the BTC top is close/in.
I want to sell my BTC to boomers who don’t even know what the internet is. Then I’m ready for a conversation about YOLOing (you only live once) alts”
The top trader previously said that Bitcoin does not have a high time resistance until $60,000.
At the time of writing, BTC is trading at 35,050.
DonAlt also says his bullish Bitcoin stance means BTC is likely to outperform Ethereum (ETH) for now. The trader shares an inverse chart of ETH/BTC, showing how the pair broke the support at 0.056 BTC.
At the time of writing, ETH/BTC is trading at 0.05293 BTC ($1,853).
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Generated image: Midjourney