A trader who continues to build a following with timely Bitcoin (BTC) calls believes that the crypto king is gearing up for another burst to the upside.
Pseudonymous analyst DonAlt tells his 508,100 followers on the social media platform X that Bitcoin looks very bullish after managing to stay above $34,000 last week.
DonAlt also says that while BTC may see sideways price action for some time, he’s now willing to hold his Bitcoin stack for the long haul as he expects more rallies for the crypto king.
“Considering this could’ve turned into a false breakout, this actually looks surprisingly good.
Wouldn’t be surprised if we just chopped upwards for a while before full sending it. Generally think if you get a dip towards $32,000-$33,000, you can call yourself very, very lucky…
BTC is such a braindead play this time around I’ll literally just ignore all else until I think the BTC top is close/in.
I wanna sell my BTC to boomers who don’t even know what the Internet is. After that happens I’m down to have a conversation about YOLOing (you only live once) alts”
The top trader previously noted that Bitcoin has no high time frame resistance until $60,000.
At time of writing, BTC is trading for 35,050.
DonAlt also says that his bullish Bitcoin stance means that BTC will likely outperform Ethereum (ETH) for the time being. The trader shares an inverted chart of ETH/BTC showing how the pair has breached support at 0.056 BTC.
At time of writing, ETH/BTC is trading for 0.05293 BTC ($1,853).
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