Key Points:
- Altcoins turn positive, but they will correct against Bitcoin as seeing a significant BTC surge to $30,000.
- The top crypto analyst indicates sidelined cash flooding back into digital assets when looking at the larger crypto markets.
Following BTC’s breach above $22,000, the crypto expert who accurately predicted this year’s Bitcoin rise is looking at the best-case scenario for altcoins.
According to DonAlt, a fictitious analyst informs that cryptocurrencies in US dollar pairings seem very, really fantastic.
DonAlt is positive on altcoins vs the US dollar, but he believes they will correct against Bitcoin as he sees a significant BTC surge to $30,000.
DonAlt believes that after the BTC surge shows symptoms of fatigue, the next consolidation period might prompt capital movement into altcoins.
- BTC rallies hard nuking BTC pairs (~26-30k).
- BTC temporarily tops and nukes.
- BTC dead cats (on lower TFs) while alts go nuts.
Altcoins have always taken a back seat whenever Bitcoin soars. At the time of writing, BTC is trading at $22,826, up roughly 38% year on year.
DonAlt sees sidelined cash flooding back into digital assets when looking at the larger crypto markets.
Bear market rallies are beautiful. Still waiting for $30k~ but we’re getting closer to the point where bears start sweating so much that they might actually convert some stables into BTC/ETH/Alts. I’d like to TP [take profit] my trades into that but just don’t feel like it’s time yet.”
Previously, Coincu reported that Bitcoin continued to increase gradually in value and tapped yet another multi-month high. Bitcoin has retraced a few hundred dollars. Nonetheless, its market worth remains above $440 billion, and its dominance over altcoins exceeds 42%.
Besides, Aptos has been one of the strongest performers since the market began to recover a few weeks ago. The last seven days have been especially amazing for the native token, which has increased by 95% in that span.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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