DonAlt, a well-known Bitcoin trader, issued a warning that the current bull market may have come to an end.
In a recent YouTube live strategy conference, the trader with 65,000 subscribers said that the price target of Bitcoin reached $150,000 or more, which may be too optimistic. He predicts that the market cycle will end in the next few months, rather than the end of 2025 that some analysts predict.
DonAlt explained: "I think Bitcoin has reached $150,000. If the market rises wildly, it may double, but I don't think this cycle can exceed $200,000. So $150,000 is already high enough. Even if Bitcoin continues to rise 10% to 50%, I think $100,000 is the most reasonable expected target, and other goals are too radical. I hope to see a wave of rotations in the altcoin market in the end. But this is just my prediction, let's wait and see, it's really hard to predict this time. From the time point of view, I think this cycle will only be a few months at most. Of course, I may be wrong."
As of press time, the price of Bitcoin was $94,586.
The above is the detailed content of The price of Bitcoin of $150,000 is high! Warn traders who nail the BTC bull market. For more information, please follow other related articles on the PHP Chinese website!