An analyst who has been seemingly unstoppable since calling Bitcoin’s bottom at $16,000 has just issued a major update to fellow traders.
DonAlt tells his 469,000 Twitter followers that he no longer wants to sell any BTC for his original goal 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 is nowhere near ready to sell.
“Every time I think about taking profits, 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 .
I originally planned to sell some for $35,000. Don’t think I’ll do it anymore, I just want to be a moon boy until I get a really good reason not to be. Until then, I’m riding this thing, no brakes.”
DonAlt believes that bearish analysts who have remained laser-focused on the macro economy will continue to look lost on the sidelines.
“The 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 $16k because of macro. We are almost 2x up from there and the macro is starting to change. Probably also being told not to sell due to favorable macro conditions at the top.”
As for how high BTC can go, the trader believes it could climb to $100,000 in this cycle.
Bitcoin is trading at $27,327 at press time, down 0.8% in the last 24 hours.
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