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Top Trader Unveils Best-Case Scenario for Altcoins After Another Big Bitcoin (BTC) Breakout

Top Trader Unveils Best-Case Scenario for Altcoins After Another Big Bitcoin (BTC) Breakout
The crypto strategist who correctly called this year’s Bitcoin rally is looking at the best-case scenario for altcoins following BTC ‘s break above $22,000.
Pseudonymous analyst DonAlt tells his 456,000 Twitter followers that altcoins in their US dollar pairs look “really, really good.”

Although DonAlt is bullish on altcoins against the US dollar, he predicts that these tokens will likely correct against Bitcoin as he expects a strong BTC rally to $30,000.
Once the BTC rally shows signs of exhaustion, DonAlt says that the ensuing consolidation period could trigger capital rotation into altcoins.
“Best case for [altcoins] in my opinion is:
BTC rallies hard nuking BTC pairs (~$26,000-$30,000)
BTC temporarily tops and nukes
BTC dead cat bounces (on lower timeframes) while alts go nuts
Everything resets so we can continue going up.”
Historically, altcoins tend to take the backseat whenever Bitcoin skyrockets. At time of writing, BTC is changing hands for $22,773, up nearly 38% on the year.
Looking at the broader crypto markets, DonAlt says that he sees sidelined capital pouring back into digital assets.
“Bear market rallies are beautiful. Still waiting for $30,000 but we’re getting closer to the point where bears start sweating so much that they might actually convert some stables into BTC/ETH/alts.
I’d like to TP [take profit] my trades into that but just don’t feel like it’s time yet.”
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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.

Featured Image: Shutterstock/SimpleB
The post Top Trader Unveils Best-Case Scenario for Altcoins After Another Big Bitcoin (BTC) Breakout appeared first on The Daily Hodl .

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