An analyst who has seemingly been unstoppable since rating Bitcoin’s fund at $16,000 has just posted a big update for his fellow traders.
DonAlt tells his 469,000 Twitter followers that he is no longer looking to sell BTC at his initial target of $35,000.
The trader says that the worldwide recognition that Bitcoin offers an alternative to the banking system is so new and powerful that it is nowhere near ready to sell.
“Every time I think about making a profit, I think about where I would put that profit. There is nothing I would rather buy than BTC and alts right now, nothing is better set up for the current macro situation than our little bubble.
Originally he was planning to sell some for $35,000. Don’t think I’ll do that again, I’ll just be a moon boy until I have a very, very good reason not to be. Until then, I’ll ride this thing, no brakes.”
DonAlt believes that bearish analysts who have remained focused on the macroeconomy will continue to look lost on the sidelines.
“Banks have gone down a lot. You can pull out your stupid RSI and trend all you want, I’m not selling.
I can’t believe people told me not to buy $16,000 because of the macro. We are almost 2 times up and the macro is starting to change. They will probably tell you not to sell due to favorable macro conditions at the top as well.”
As for how high BTC can go, the trader believes it could go as high as $100,000 this cycle.
Bitcoin is trading at $27,327 at press time, down 0.8% over the past 24 hours.
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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investment in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are at your own risk, and any loss you may incur is your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, and The Daily Hodl is not an investment adviser. Please note that The Daily Hodl is involved in affiliate marketing.
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