Bitcoin $93,857.8A well-known trader who closely followed the recent performance of (BTC) and caught the early bull run warned that the current market cycle is probably in the very advanced stages.
Bitcoin Price Predictions
In a new strategy session on YouTube, the pseudonymous trader known as DonAlt told his 65,000 subscribers that Bitcoin’s price targets above $150,000 were probably too aggressive.
Expectations for the End of the Market Cycle
DonAlt stated that he predicts that the market cycle will end in the next few months, rather than the end-2025 peak predicted by some analysts.
Current Status of Bitcoin
At the time of writing, Bitcoin was trading at $94,586. DonAlt stated that it is difficult for Bitcoin to reach the $ 150,000 level and said that it is unlikely to exceed $ 200,000 in the cycle even if everything goes well.
DonAlt: “Bitcoin reaching the $150,000 level is a very high expectation. “$100,000 is already a reasonable target this cycle.”
Additionally, DonAlt expressed hope to see some altcoin rotation towards the end of the market cycle. However, he noted that this one is difficult to predict and will continue for a few more months at best regarding timing.
DonAlt: “I could be wrong, we’ll see how it goes.” He completed his statement by saying. These statements point to various expectations regarding Bitcoin’s future performance.
In addition to DonAlt’s warnings, Bitcoin investors continue to closely monitor market dynamics. Experts emphasize that market cycles may be at the end and caution should be exercised during this period.
In light of Bitcoin’s current price and market expectations, investors need to reconsider their strategies. Market fluctuations and possible altcoin rotations are among the important factors that may affect investment decisions.
The important thing for investors interested in Bitcoin and other cryptocurrencies is to analyze market trends correctly and manage their risks. In this process, expert opinions and market analysis are critical to making informed investment decisions.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
