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Disbelief Rally

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Bitcoin and Ethereum Rally Targets Revealed Amidst Price Surges and Volatility
cryptocurrency2 years ago

Bitcoin and Ethereum Rally Targets Revealed Amidst Price Surges and Volatility

Crypto strategist DonAlt believes that Bitcoin is in the early stages of a new bull market and a disbelief rally is underway, as many traders still believe that Bitcoin is in a downtrend even after breaking out from a multi-month reversal pattern. DonAlt shows negative funding rates in various crypto exchanges, indicating that traders are still betting on BTC to go down. He maps out BTC’s worst-case and best-case scenarios, with the high timeframe breakout of BTC potentially propelling the king crypto to as high as $100,000.