Top Trader Predicts Bitcoin Breakout to $100,000 Following Months of Consolidation – But There’s a Big Catch

A dealer who lived by the 2023 crypto breakout believes Bitcoin (BTC) is now on the verge of hovering to $100,000.

In a brand new video replace, pseudonymous analyst DonAlt tells his 62,400 YouTube subscribers that Bitcoin is about to finish the multi-month consolidation part that began in March.

However DonAlt warns that Bitcoin possible will witness a deep corrective transfer after a robust breakout.

“My base case is we’ll escape now and it will crash… We’ll go to $80,000, $90,000, possibly $100,000 if this breaks out, after which we’ll return to $60,000… After which ensure that $60,000 is a base and do all that boring consolidation stuff.

However my base case is that we escape.”

The dealer says he isn’t satisfied Bitcoin will see a sustained uptrend after the preliminary breakout.

“I feel there’s a good probability that the outbreak is not going to actually final now. I feel we will consolidate about $60,000 after which we will go away it on the subsequent try. It is nearly this try, I am not totally certain.’

However the dealer notes that he could change his place relying on future market circumstances.

‘However I can change my thoughts. If I am bullish now and we go to $90,000 and I see bullishness in all places, I would change my thoughts. I can say, “Hey, my concept of ​​what we will do after we get right here is one which I do not agree with anymore,” and I simply change my thoughts and go together with it.

On the time of writing, Bitcoin is buying and selling at $67,554, down greater than 2% prior to now day.

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Generated picture: Midjourney