Famous for predicting the rally this year correctly, DonAlt shared his new prediction. Analyst, as BTC surpasses $22,000 altcoin shared the best-case scenario for the market.
Twitter account with more than 450,000 followers. DonBottomthat altcoins look very good against the US dollar stated.
Explaining that crypto assets will strengthen against the US dollar, DonAlt also underlined that a correction will follow with Bitcoin reaching $30,000.
The analyst stated that a recession will be triggered when BTC shows signs of ‘burnout’. This recession will trigger a capital flow towards altcoins.
There Is More Time For The Altcoin Market
“My best case scenario for altcoins is Bitcoin rallying towards $26,000-30,000. BTC stays there for a while and triggers the gains. Then it makes ‘dead cat jumps’ on the narrow-time charts and other entities start to move as well. After that, we go back to the beginning and look for space to grow.”
If we look at historical data, altcoins usually stay in the background when Bitcoin makes a big rise. BTC was trading around $22,740 at the time of the news and is up 38% on average this year.
Cryptocurrency Examining the market on a larger scale, DonAlt stated that the capital outside the markets has reactivated.
“The rallies recorded in the bear market are really nice. I’m still waiting for $30,000 but the bears are starting to get tired. Some can start transforming their assets in no time. Profit is possible, but I will continue to wait.”