Top Trader Predicts Bitcoin Will Break 100000 After Months of ConsolidationBut Theres a Major Pitfall

CoinWorld.com Report:
A trader who predicts the breakthrough of cryptocurrencies in 2023 believes that Bitcoin (BTC) is now poised to surge to $100,000.
In a new video update, the pseudonymous analyst DonAlt tells his 62,400 YouTube subscribers that Bitcoin appears to be ending the months-long consolidation phase that started in March.
However, DonAlt warns that Bitcoin may witness a deep correction after experiencing a strong breakthrough surge.
“My base case is that we will break out now, it will get destroyed… If we break out, we’re going to $80,000, $90,000, or $100,000, and then we’ll come back to $60,000… and then do all the boring consolidation work at $60,000;
But my base case is that we will break out.”
The trader states that he does not believe Bitcoin will continue to rise after the initial breakthrough.
“I think the breakthrough now is very likely not going to really continue. I think we’ll consolidate around $60,000, and then it might continue on the next attempt. It’s just this attempt, I’m not entirely sure.”
However, the trader notes that he may change his stance based on future market conditions.
“But I can change my mind. If I’m bullish now and we go to $90,000 and then I see bullishness everywhere, I can change my mind. I can say, ‘Hey, the idea of what I want to do once we get here is just an idea that I no longer agree with,’ and then I change my mind and continue doing that.”
At the time of writing, Bitcoin’s trading price is $67,554, down over 2% in the past day.
 
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