A crypto trader who successfully predicted the 2023 breakout in the market believes that Bitcoin (BTC) is now on the verge of reaching $100,000. In a recent video update, the pseudonymous analyst known as DonAlt informed his 62,400 YouTube subscribers that Bitcoin appears ready to end its consolidation phase that began in March. However, DonAlt issued a warning, stating that a significant corrective move may occur after a strong breakout surge. According to him, the most likely scenario is a breakout to $80,000, $90,000, or even $100,000, followed by a drop back to $60,000. He expects $60,000 to become a base for the cryptocurrency, leading to a period of consolidation. Although DonAlt is uncertain about the sustainability of Bitcoin’s uptrend after the initial breakout, he mentioned that he could change his stance depending on future market conditions. As of now, Bitcoin is trading at $67,554, experiencing a decrease of over 2% in the past day.
