Trader who called Precise Bitcoin Bottom says an Ethereum competitor could soon surpass BTC
A crypto trader who suddenly became bullish on Bitcoin at the bottom in November is updating his view on the market.
In a new video, pseudonymous analyst DonAlt says that Solana looks particularly strong and could be poised to surpass BTC.
“I like Solana … I like it against Bitcoin here. I think there’s a chance it can outperform.
The USD pair has pulled back a bit, but not that strongly.”
As for the rest of the altcoin market, the trader remains particularly bullish on Litecoin (LTC).
DonAlt bought LTC near its $60 low in November and says he sees a lot more room for upside if it can hit $100.
“If it struggles with $100 for a while and just hugs that resistance, I think the pop is going to be that much better. So I’m not going to give up anytime soon…
We’ve seen this before. Litecoin has been the exciting trade like twice before. It’s struggling with $100, but I think it’s going to work. And if it works, I think it can easily be doubled. So from $100 to $200 doesn’t seem too unlikely.”
As for Bitcoin’s trajectory, DonAlt believes the top crypto asset is likely headed for at least $32,000. At that point, he may have to reconsider.
“[At around] $32,000 is good enough for me. At that point, I’d probably sell things or at least start booking some profit, because it’s been quite a spectacle. I could see it going higher, honestly.
When I posted “maybe we’ll go back to $60,000” when the market was at $16,000, I got a lot of hate for it. I think now if we go to $30,000 you’ll see a lot of people say “maybe $60,000”.
And it just shows how this works… Especially in crypto, you can always go 5x, 10x, but you can also always go down 95%.”
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Featured Image: Shutterstock/monkographic/GrandeDuc/Natalia Siiatovskaia
