Crypto Analyst: Bitcoin on the Brink of New All-Time Highs

A crypto strategist known for timely Bitcoin predictions suggests that BTC might reach new all-time highs if it achieves one critical milestone.

Pseudonymous analyst DonAlt shared insights with his 652,900 followers on X, emphasizing the importance of breaking the resistance at the $101,000 level for a significant upward movement.

> “We like what we see. This is why I’ve been saying to just chill. It takes a whole three daily candles to make the mood swing the other way again. To me, $99,000-$101,000 is the last resistance before new ATHs (all-time highs). Break that and we start marching upwards again.”
> — DonAlt/X

The analyst believes Bitcoin’s market structure is improving but asserts it is premature to adopt a bearish outlook.

> “BTC update: looks like it was a good choice not to doom post the lows. Just took two days and BTC looks much better. Greater than $100,000 and the party starts. Until then, it’s a bit too early to celebrate the win yet.”
> — DonAlt/X

DonAlt notes Bitcoin’s resilience following negative news about a security breach at the Dubai-based crypto exchange Bybit, which affected its Ethereum (ETH) cold wallet, as well as a broader stock market downturn.

> “Pretty good reaction to bad news especially given it’s coupled with the traditional finance markets selling off.”
> — DonAlt/X

As of now, Bitcoin is trading at $96,127.

The analyst also mentions that Ethereum appears to be undervalued, while XRP has reached a fair market value.

> “When I was bull posting XRP at $0.50-$0.60 I felt like XRP was mis-priced relative to everything else in the market. Now it’s at around $3, which seems much fairer. I kinda feel the same way about ETH now at $2,800, mis-priced by quite a bit.”
> — DonAlt/X

Currently, ETH is priced at $2,647, down 3.1% in the last 24 hours, while XRP is around $2.56, down 4.5% on the same day.

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