The analyst is anticipating a bullish rally for Bitcoin and is seriously considering the possibility of it surging strongly towards an all-time high of $69,000.
DonAlt, a crypto expert, shared his predictions with his nearly half a million social media followers and pointed out that in order to achieve a full bullish rally, Bitcoin must surpass a significant resistance level at around $33,000.
However, even if this level is surpassed, DonAlt believes that the path to the historical maximum won’t be straightforward.
He anticipates a small but fast corrective wave following the breakthrough of the $33,000 line.
According to DonAlt, if this is indeed a fully bullish market, then the corrective wave will likely push the price of Bitcoin to $50,000 before experiencing a rollback to the resistance of $30,000.
Another crypto strategist known as Cred agrees with DonAlt’s predictions and believes that Bitcoin won’t face any significant hurdles until it reaches $32,500, with the next barrier being at the $35,000 level.
If both milestones are reached, Cred predicts that BTC will quickly soar to $40,000 and above.
Cred also thinks that the zone between $30,000 and $35,000 is more important than $30,000 alone, and expects a downward reversal in this zone before the market teleports $40,000 BTC.
It’s worth noting that DonAlt has previously highlighted the high likelihood of Bitcoin’s growth as the first-ever cryptocurrency.