Trader Who Nailed 2022's Crypto Crash Sends A Warning: Read This Before Going Long

Bitcoin BTC/USD is treading on shaky ground despite its recent remarkable ascent, a widely followed crypto analyst has warned, expressing concerns amid the prevailing optimism in the crypto market.

In the lead-up to the much-anticipated Benzinga's Future of Digital Assets conference on Nov. 14, where the future trajectory of digital assets will be a focal point of discussion, DonAlt's remarks underscore the inherent volatility and unpredictability of the cryptocurrency market.

Pseudonymous trader DonAlt recently took to Twitter, noting, “If this week goes well, we’ll be back boys. I was vocally and aggressively bullish the last few days because you could just tell it was gonna blow the lid off. Now that we have, we actually have to stick to the landing. I’m optimistic, but this is where it gets more dangerous.”

Intriguingly, DonAlt said out the market sentiment isn't even driven by the full-blown ETF excitement.

Also Read: Crypto Industry, Wake Up And Smell The Coffee, Your Security Is A Mess

He states, “The best part about all of this is we’re still not even in the ETF hype phase. We’re just in the ‘A few people know we’ll get an ETF and are trying to front-run’ phase. It’ll be so much fun when people pick up the ETF narrative completely.”

Reflecting on potential price targets, a tweet from last week by DonAlt projected a bullish outlook, suggesting, “I think $60,000 is a reasonable target if we get the ETF. Now obviously not in the short term, but that’s kind of where I think this could go. I think between $60,000 and $100,000 is the upper end.”

Read Next: Bitcoin ETF May Be A Catalyst For 74% Price Surge In 2024, Galaxy Researchers Say

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