A dealer who precisely predicted the crypto backside in November of 2022 is expressing bullish sentiment on Bitcoin (BTC).
Pseudonymous analyst DonAlt tells his 54,100 YouTube subscribers that he foresees Bitcoin getting a “large pump” that can siphon funds from altcoins and into BTC.
DonAlt says that Bitcoin might afterward consolidate, a transfer that might positively affect altcoins.
“And then you definately may see one other [Bitcoin] consolidation like this [BTC ranging roughly between $33,400 and $35,200], one other rotation into altcoins the place individuals chase the 5%, 10%, 15%, 20% after which perhaps we get somewhat little bit of good altcoin motion.”
BTC is value $35,223 at time of writing, after hitting a brand new 2023 excessive of slightly below $36,000 earlier within the day.
On the doubtless subsequent plan of action for Ethereum (ETH) over the brief time period, the dealer says,
“ETH… my view on it’s I believe there’s a great probability it bounces generally like altcoin sentiment appears to be up, like persons are sort of euphoric proper now on the altcoin entrance, although like they’re solely bouncing a tiny share of what they misplaced earlier than. So so long as that maintains you possibly can see somewhat little bit of a bounce.”
![](https://dailyhodl.com/wp-content/uploads/2023/11/ETH-1102-DA.png)
ETH is buying and selling at $1,831 at time of writing.
Turning to Solana (SOL), DonAlt says a shopping for alternative might come up if and when the seventh-largest crypto asset by market cap begins consolidating after the latest rally.
“There’s no actual good pullback stage to purchase [Solana]. I believe if it goes again to $30, that’s scary. It’s a pullback stage nevertheless it’s scarily near the place it’s really simply full-blown invalidated. And it begins wanting actually shitty.
On this one, if this consolidates perhaps you simply purchase the consolidation, like that’s a pullback of kinds that I might see.
In any other case, if Bitcoin tops [out], this in all probability goes down. If Bitcoin rips, this in all probability simply retains on going.”
![](https://dailyhodl.com/wp-content/uploads/2023/11/SOL-1102-DA.png)
SOL is buying and selling at $43.21 at time of writing, up by greater than 30% over the previous week.
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