Analyst predicts growth of bitcoin cryptocurrency to $ 100,000

A popular crypto analyst has warned that bitcoin’s price could soar to six figures, while altcoins remain in decline. Crypto strategist DonAlt told his 569,900 subscribers on social network X about this.

According to the analyst, he is negative about many altcoins. «To be honest, I am much more pessimistic about altcoins than BTC. I think it will be quite realistic to see a world where BTC is trading at $ 100,000 and above in the coming years, while current altcoins will be trading 90% lower than they are now.»

DonAlt questions the usefulness of all digital assets except bitcoin. «It's a bit crazy to think about the market value of things in cryptocurrency. Yes, these coins have fallen in price a lot. But their market capitalization exceeds a billion dollars. What’s going on?»

However, the analyst does not believe that bitcoin will reach the six-figure mark in the near future. He says that BTC $63,893.85 Bitcoin -2.72% Market capitalization $1.26 trillion VOL. 24 hours $1.54 billion constantly prints bearish double tops on the daily chart and believes that it is too early for the token to become bullish again.

According to the trader, he is hesitant to bet on BTC at the moment, as he believes that the cryptocurrency may repeat another crash similar to the November 2018 drop before rising. Back then, bitcoin fell below $ 6,000 after consolidating in a narrow range for more than six months.