A trader who continues to build a following with timely Bitcoin (BTC<\/a>) calls thinks the crypto king may rally to $60,000 quite soon.<\/p>\n Pseudonymous analyst DonAlt tells his 507,100 followers on the social media platform X that BTC could see<\/a> furious rallies in the coming weeks.<\/p>\n The analyst says BTC\u2019s chart looks primed to go \u201csupersonic.\u201d<\/p>\n \u201cI would love to be bearish but how the f**k could I with a chart like this?<\/em><\/p>\n I\u2019d rather risk some of my gains before I sell something that looks like it wants to go supersonic\u2026<\/em><\/p>\n We\u2019re at this weird point in the market cycle where I wouldn\u2019t be surprised if we were trading at $60,000 in a month\u2019s time\u201d At time of writing, Bitcoin is trading for $37,033. A surge toward DonAlt\u2019s target suggests gains of about 60% in a short amount of time.<\/p>\n DonAlt says<\/a> that one tailwind that could send Bitcoin flying is the hype surrounding the potential approval of a spot-based BTC exchange-traded fund (ETF). However, he warns that should a BTC ETF get approved, savvy traders might use the event to lock in their gains.<\/p>\n \u201cThe BTC spot ETF play has been one of the easiest things to trade in recent history.<\/em><\/p>\n Bulls were obviously not gonna sell before the ETF and into the halving and honestly, even most bears were not dumb enough to be bearish into a catalyst this obvious. <\/em><\/p>\n Once the ETF is through, it becomes difficult. It could be a sell-the-news event, but it could not be. I simply don\u2019t know. In a funny way, the longer this ETF decision takes, the higher prices probably go. Because until it actually hits, there are very few reasons to sell.\u201d\u00a0<\/em><\/p>\n The analyst also says<\/a> that the odds are not in favor of crypto bears who are still waiting for BTC to dump all the down to a new cycle low.<\/p>\n \u201cPeople out here still talking about $12,000. Bro BTC is more likely to go to $100,000 here than it is to go back to $12,000.\u201d\u00a0<\/em><\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
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