- Renowned analyst, known by the pseudonym DonAlt and recognized for accurate Bitcoin predictions, is generating significant excitement by forecasting a potential rally that could take Bitcoin to $60,000.
- Understanding the recent game of spot Bitcoin ETF has been quite clear. Bulls held their ground, and there was reluctance to sell ETF and Bitcoin before the reward halving.
- Crypto Rover explained how two different groups of people might react when the ETF decision is finally announced and delved into the details of the “buy the rumor, sell the news” concept.
Bitcoin price is currently experiencing a slowdown ahead of economic data, but analysts believe the rally will continue. What will be the next target?
Next Target in the Bitcoin Rally
Renowned analyst DonAlt, known for accurate Bitcoin predictions, is creating significant excitement by forecasting a potential rally that could take Bitcoin to $60,000. DonAlt, expressing that the chart for Bitcoin tends to be “supersonic,” joined the X to express a strong bullish sentiment.
DonAlt believes everything will go well for Bitcoin, and he has several reasons for feeling this way, one of which is the excitement surrounding the potential approval of a spot-based BTC exchange-traded fund (ETF).
Understanding the recent game of spot Bitcoin ETF has been quite clear. Bulls held their ground, and there was reluctance to sell ETF and Bitcoin before the reward halving. In fact, most bears were not ready to sell as something significant approached. DonAlt explains:
“Now, things might get a little complicated after the ETF is approved. This might be a ‘sell the news’ moment, or it might not be. To be honest, I don’t know. Interestingly, the longer this ETF decision takes, the higher the price might go. Why? Because until this approval happens, people don’t have much reason to sell.”
From a parallel perspective, leading crypto trader Crypto Rover explained how two different groups of people might react when the ETF decision is finally announced and delved into the details of the “buy the rumor, sell the news” concept.
Rejecting Bear Sentiments
DonAlt particularly rejects persistent bear sentiments that expect Bitcoin to drop to $12,000. He emphatically claims, “People here are still talking about $12,000. Brother, the likelihood of BTC going to $100,000 from here is higher than the probability of going back to $12,000.”
While DonAlt’s projections create waves in the crypto space, fans and investors are grappling with the potential effects of a $60,000 rise, eagerly anticipating significant developments, including the awaited ETF decision.
