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