Trader Who Called 2022 Crypto Bottom Predicts Massive Pump for Bitcoin, Updates Outlook on Ethereum and Solana

A trader who accurately predicted the crypto bottom in November of 2022 is expressing bullish sentiment on Bitcoin (BTC).

Pseudonymous analyst DonAlt tells his 54,100 YouTube subscribers that he foresees Bitcoin getting a “massive pump” that will siphon funds from altcoins and into BTC.

DonAlt says that Bitcoin could afterward consolidate, a move that would positively impact altcoins.

“And then you might see another [Bitcoin] consolidation like this [BTC ranging roughly between $33,400 and $35,200], another rotation into altcoins where people chase the 5%, 10%, 15%, 20% and then maybe we get a little bit of nice altcoin action.”

Source: DonAlt/YouTube

BTC is worth $35,223 at time of writing, after hitting a new 2023 high of just under $36,000 earlier in the day.

On the likely next course of action for Ethereum (ETH) over the short term, the trader says,

“ETH… my view on it is I think there’s a good chance it bounces in general like altcoin sentiment seems to be up, like people are kind of euphoric right now on the altcoin front, even though like they’re only bouncing a tiny percentage of what they lost before. So as long as that maintains you could see a little bit of a bounce.”

Source: DonAlt/YouTube

ETH is trading at $1,831 at time of writing.

Turning to Solana (SOL), DonAlt says a buying opportunity could arise if and when the seventh-largest crypto asset by market cap starts consolidating after the recent rally.

“There’s no real good pullback level to buy [Solana]. I think if it goes back to $30, that is scary. It’s a pullback level but it’s scarily close to where it’s actually just full-blown invalidated. And it starts looking really shitty.

On this one, if this consolidates maybe you just buy the consolidation, like that’s a pullback of sorts that I could see.

Otherwise, if Bitcoin tops [out], this probably goes down. If Bitcoin rips, this probably just keeps on going.”

Source: DonAlt/YouTube

SOL is trading at $43.21 at time of writing, up by more than 30% over the past week.

I

Comments

Post a Comment

Popular posts from this blog

This is Why Crypto Prices Are Exploding Higher Today? 6 Altcoins to Buy - January 9th

Image
The crypto market beams with hope for recovery as this week's trading leaves the station. Selected altcoins like Cardano (ADA), Solana (SOL), Cosmos (ATOM) and ApeCoin (APE) spiked significantly in double-digits, yet Bitcoin (BTC) and Ethereum (ETH) remain relatively unchanged. The total market capitalization jumped slightly to $852 billion after dropping to $798 billion on January 4. Crypto market cap 6 Altcoins to Buy as Crypto Prices Climb Investors in the crypto market are currently facing some of the hardest decisions to make. 2022 was a disastrous year, to say the least. Investors counted unstoppable losses made worse by rising inflation globally. The need to battle the ballooning inflation left no space for investors to breathe, with most turning to stable securities like government bonds. Crypto prices lacked the momentum to recover because outflows continuously exceeded inflows. The collapse of Sam Bankman-Fried's FTX exchange worsened the situation
Read more

Why You Should Always Promptly Repay Forbrukslån Uten Sikkerhet

Image
Credit card debt, school loans, personal loans, advances in cash, medical debt, retail shop accounts, and funds borrowed through family or friends are all examples of unsecured debt. The fact is, unsecured debts are a sign of your trustworthiness, and it is worth looking at the consequences of failing on them and your alternatives moving forward. If we eliminate the amount we owe on our homes, the vast majority of Americans' debt is unsecured. Credit card debt, school loans, individual loans, payday advances, hospital bills, retail shop accounts, and funds acquired from friends or relatives are all examples of unsecured debt. However, if you have current unsecured debts, what will occur if you do not make payments on them, and what are your alternatives after that? Defaulting on any loan, secured or unsecured, is never advised. Aside from the potential damage to your credit rating, there is also the possibility of being sued, and even wage garnishments if a court sees fit to
Read more

Cosmos: Building the Internet of Blockchains

In the ever-evolving landscape of technology and finance, the emergence of blockchain technology has been nothing short of revolutionary. Blockchain has since expanded its horizons, leading to the development of numerous innovative applications. One such development is Cosmos, a groundbreaking project that aims to create an Internet of Blockchains, seamlessly connecting different blockchain networks to foster interoperability, scalability, and enhanced functionality. What is Cosmos? Cosmos is a revolutionary open-source project that introduces the concept of the "Internet of Blockchains." It seeks to address the inherent limitations of traditional blockchain systems by enabling the creation of a decentralized network of interconnected blockchains. The primary objective of Cosmos is to enhance scalability, interoperability, and governance within the blockchain space. By facilitating seamless communication and transaction capabilities among diverse blockchains, Cosmos encou
Read more