Top Cryptocurrency Trader Predicts $60,000 Bitcoin Will Soon Come

A trader who continues to gain followers with timely Bitcoin ( BTC ) call options believes the cryptocurrency king could soon rally to $60,000.

Pseudonymous analyst DonAlt told his 507,100 followers on social media platform X that Bitcoin could see a sharp rally in the coming weeks.

Bitcoin’s chart looks ready to go supersonic, says this analyst. I'd rather risk some gains before I sell something that looks like it's going to go supersonic...

We're at this weird point in the market cycle and if we're trading at $60,000 in a month, I won't Surprisingly, Bitcoin is trading at $37,033 as of this writing. The spike toward DonAlt's target showed an increase in returns of about 60% in a short period of time.

DonAlt says one driver that may be driving Bitcoin’s meteoric rise is the hype surrounding the possible approval of a spot BTC exchange-traded fund (ETF). However, he warned that savvy traders could take advantage of the event to lock in gains if a BTC ETF is approved.

The bulls are obviously not going to sell ahead of the ETF and the halving, and honestly even the majority of the bears are not stupid enough to have such an obvious bearish catalyst. Once ETF passes, it becomes difficult. This could have been an event to sell news, but it wasn't. I have no idea. Interestingly, the longer an ETF decision takes, the higher the price is likely to be. Because until it really hits, there's little reason to sell. ”

The analyst also said that the current situation is not favorable for crypto bears, who are still waiting for BTC to drop all prices to a new cycle low. People here are still talking about $12,000. Bro, BTC has more Likely to $100,000 instead of back to $12,000

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