Crypto Analyst Sees Bitcoin Rally Ahead but Warns of Possible Drop

A well-known crypto trader who correctly predicted the market bottom in late 2022 remains optimistic about Bitcoin’s future but warns of potential short-term volatility.

In a recent analysis, the trader, known as DonAlt, reaffirmed his bullish outlook, suggesting Bitcoin is still on track for higher prices.

He pointed to the weekly chart, noting that BTC had recovered after briefly dipping below its trading range—a sign he views as bullish.

If Bitcoin closes above $90,000, he believes the uptrend remains intact, with a breakout above $104,000 potentially driving prices much higher.

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Despite his overall optimism, DonAlt acknowledged weakness on the daily and monthly charts.

He noted that Bitcoin currently presents a strong short-trade opportunity around $90,000, with a stop near $95,000 and potential downside targets as low as $70,000.

Alexander Stefanov