DonAlt announces prospects for bitcoin value — investors should expect growth

A well-known cryptocurrency analyst under the pseudonym DonAlt, who accurately predicted the «bottom of BTC» in 2022, has shared his updated forecasts for the future of bitcoin. The expert is seriously considering the possibility that the value of BTC $95,976.75 Bitcoin -0.95% Market capitalization $1.9 trillion VOL. 24 hours $2.36 billion will increase significantly in the near future and reach a historic high of $ 69,000.

According to DonAlt, for a full-scale bull rally, bitcoin needs to overcome an important resistance level of about $ 33,000. However, the expert emphasized that after reaching $ 33,000, a small correctional wave will follow, so investors should not panic.

The analyst is convinced that a breakthrough of the resistance at $ 33,000 could raise the price of bitcoin to $ 50,000. After that, a pullback to $ 30,000 is expected and the price will reach a historic high in the future.

A crypto strategist under the nickname Cred agreed with DonAlt’s opinion. In his opinion, bitcoin will not encounter any obstacles up to $ 32,500, and the next correction will take place at $ 35,000. If both «milestones» are reached, BTC will quickly jump to $ 40,000 and higher, Cred is convinced.

According to DonAlt, many traders are too skeptical about bitcoin. Even after BTC broke through a multi-month reversal pattern. DonAlt has also drawn up a map showing the worst-case and best-case scenarios for bitcoin. According to DonAlt, a breakout on a longer timeframe could push BTC to the $ 100,000 mark.