DonAlt, who is seen as one of the oldest analysts of the crypto money market and especially in altcoin predictions, made a new warning to investors.
Analyst, leading cryptocurrency Bitcoin (BTC) He stated that he is on the rise again and that this rise will not only be achieved by breaking the record.
According to the analyst, Bitcoin will soon be the star of the show and all altcoins will be crushed after this rise.
Bad End to Altcoin Investors
DonAlt, TechnicalRoundup He commented on what awaits the crypto industry in his blog post, and also talked about the newly launched Bitcoin ETF.
Stating that this is not a “sell the news” type of event, the analyst implied that the price will not decrease with the news.
According to the analyst, starting from here, Bitcoin will accelerate even more and achieve a significant rise.
“Our overall view is that BTC will break the all-time record. If there is a return to the previously reached support point and especially if there is a withdrawal between $ 56,000 and $ 58,000, the opportunity for new records will begin to look for. ”
Stating that Bitcoin and Ethereum are very close to the all-time record, the analyst emphasized that if BTC breaks down, it will force altcoins to decline.
The reason for this will be that many people sell altcoins to participate in the rise of BTC.
The analyst generally expects altcoins to fall and BTC’s market dominance to rise with BTC breaking a record in the coming days, and if this happens, it is bad for altcoin investors.
Experts recommend that Bitcoin movements be followed closely, especially when investing in altcoins in this process.