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A renowned trader closely monitoring Bitcoin’s recent performance has warned that the current market cycle is likely in a significantly advanced stage. Known by the pseudonym DonAlt, the trader cautioned his 65,000 YouTube subscribers that price targets for Bitcoin 
$105,984 exceeding $150,000 may be overly ambitious.
Bitcoin Price Predictions
During a recent strategy session on YouTube, DonAlt expressed skepticism about the predicted peak of the market cycle being at the end of 2025. Instead, he suggested that this cycle may conclude within the next few months.
Expectations for Market Cycle Conclusion
At the time of writing, Bitcoin was trading at $94,586. DonAlt pointed out the challenges of Bitcoin reaching the $150,000 level, asserting that exceeding $200,000 in this cycle would be improbable, even in the best-case scenario.
DonAlt: “Expecting Bitcoin to reach $150,000 is a high expectation. A target of $100,000 is already reasonable in this cycle.”
Additionally, he anticipated some rotation towards altcoins as the market cycle approaches its end. However, he acknowledged the difficulty in making accurate predictions this time, suggesting that timing might stretch a few more months.
Concluding his remarks, DonAlt stated, “I could be wrong; we will see how it progresses.” His statement indicates varying expectations regarding Bitcoin’s future performance.
In light of DonAlt’s warnings, Bitcoin traders are advised to closely monitor market dynamics. Experts stress the importance of being cautious as the market cycles may be nearing their end, prompting a reassessment of strategies amidst price fluctuations and potential altcoin rotations.
