Trader Who Flawlessly Navigated Bitcoin’s Resurgence Issues Alert, Says BTC Price Target Has Dramatically Changed

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An ana­lyst who has been seem­ing­ly unstop­pable since call­ing Bitcoin’s bot­tom at $16,000 just issued a big update to fel­low traders.

Don­Alt tells his 469,000 Twit­ter fol­low­ers that he is no longer look­ing to sell any BTC at his ini­tial tar­get of $35,000.

The trad­er says the glob­al recog­ni­tion that Bit­coin offers an alter­na­tive to the bank­ing sys­tem is so new and pow­er­ful that he’s nowhere near ready to sell.

“Every time I think about tak­ing prof­it I’m think­ing about where I would put that prof­it. There is noth­ing I’d rather buy than BTC and alts right now, noth­ing is set­up bet­ter for the cur­rent macro sit­u­a­tion than our lit­tle bubble.

I was orig­i­nal­ly plan­ning to sell some at $35,000. Don’t think I’ll do that any­more, I’ll just be a moon boy until I get a real­ly real­ly good rea­son not to be. Until then I’ll ride this thing, no brakes.”

Don­Alt believes bear­ish ana­lysts who have remained laser focused on the macro econ­o­my will con­tin­ue to look lost on the sidelines.

“Banks are down huge. You can whip out your stu­pid RSI and trendi­ness all you want, I’m not selling.

Can’t believe peo­ple told me not to buy $16,000 because of macro. We’re up almost 2x from there and macro is start­ing to shift. Prob­a­bly gonna be told not to sell because of favor­able macro con­di­tions at the top too.”

As for how high BTC may go, the trad­er thinks it could climb to $100,000 this cycle.

Bit­coin is trad­ing at $27,327 at time of pub­lish­ing, down 0.8% in the last 24 hours.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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