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The Daily Hodl 2025-01-12 08:04:00

$150,000 Bitcoin Price Is ‘Tall Ask,’ Warns Trader Who Nailed BTC Bull Run

A closely followed trader known for being early on the Bitcoin ( BTC ) bull run is issuing a warning that the current market cycle is probably already long in the tooth. In a new strategy session on YouTube, the pseudonymous trader known as DonAlt tells his 65,000 subscribers that price targets for BTC above $150,000 are likely too aggressive. DonAlt also says that he’s anticipating an end to the market cycle in the next couple of months, rather than targeting a late-2025 peak that some analysts are forecasting. “I would like to see a last leg for everything. Like an aggressive last leg. Bitcoin to like $150,000, I think that’s already a tall ask, if everything goes crazy maybe it doubles but I don’t think this cycle we’re going to see more than $200,000, I think $150,000 would be a lot already. So Bitcoin [could go] another 10-20-30-40-50% if it goes really well. I think at that point you’re stretching it, and $100,000 is already basically the target that makes the most sense, everything else is a little bit more aggressive. I hope we’re going to see a little bit of an altcoin rotation at the end of it. That’s kind of where my mind’s set but let’s see, it’s hard to predict this time around. I think time-wise, I don’t give it much more than a couple of months, at best, for this cycle to end. I could be wrong, we’ll see how it goes.” At time of writing, Bitcoin is trading at $94,586. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix 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 losses 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. Generated Image: Midjourney The post $150,000 Bitcoin Price Is ‘Tall Ask,’ Warns Trader Who Nailed BTC Bull Run appeared first on The Daily Hodl .