It has been just revealed that we might soon experience a really huge Bitcoin bullish move. Check out the latest predicitons about the king coin below.
Bitcoin to go supersonic
At the moment of writing this article, BTC is trading in the red, and the king coin is priced at $36,989.
A trader, who has a significant number of followers due to his accurate Bitcoin (BTC) predictions, is of the opinion that the cryptocurrency could soon reach $60,000.
DonAlt, a pseudonymous analyst, recently informed his 507,100 followers on X, a social media platform, that BTC may witness rapid and explosive rallies in the upcoming weeks. He believes that BTC’s chart indicates that it is ready to go “supersonic.”
DonAlt admits that he would love to be bearish, but he cannot be, given the current chart. He prefers to risk some of his gains rather than sell something that appears to be on the verge of skyrocketing.
He further adds that we are at a strange point in the market cycle, and he wouldn’t be surprised if BTC trades at $60,000 in a month’s time.
DonAlt believes that the excitement around the possible approval of a spot-based Bitcoin exchange-traded fund (ETF) could be a strong factor pushing Bitcoin’s value up.
However, he cautions that if a Bitcoin ETF is approved, knowledgeable traders might take advantage of the situation to secure their profits.
“The BTC spot ETF play has been one of the easiest things to trade in recent history.
Bulls were obviously not gonna sell before the ETF and into the halving and honestly, even most bears were not dumb enough to be bearish into a catalyst this obvious.”
He continued and said the following:
“Once the ETF is through, it becomes difficult. It could be a sell-the-news event, but it could not be. I simply don’t know. In a funny way, the longer this ETF decision takes, the higher prices probably go. Because until it actually hits, there are very few reasons to sell.”
The analyst also says that the odds are not in favor of crypto bears, as noted by the online publication the Daily Hodl.
