Top Trader Who Witnessed the 2023 Crypto Breakout Charts Bitcoin's (BTC) Path to $90,000

A crypto trader who aptly named the Bitcoin market's 2022 bottom is laying out a roadmap for BTC to reach a price of $90,000.

In a new strategy session, top crypto analyst DonAlt tells his 56,400 YouTube subscribers that in a bullish scenario following the approval of Bitcoin exchange-traded funds (ETFs) in the spot market, BTC will not look back and head straight towards resistance at $60,000.

DonAlt says BTC is likely to see a corrective move after it hits $60,000, noting that the correction is likely to be quick and aggressive. After the pullback, DonAlt predicts a subsequent recovery that will push BTC as high as $90,000.

“The positive interpretation [of the BTC ETF approvals]: We're going to $60,000. I think in general that would get a lot of people very excited. This is an old resistance level that has already been tested twice.

So I could imagine that there are a lot of people in the camp of, “Hey, we've tested this a few times, we're going to break out,” who don't respect it and go into it with leverage… Bitcoin would be stretching that point quite a bit. So I could imagine that this would be a nice retreat area.

If you go straight up, I think $60,000 would be a really good resistance… I think that pullback would be pretty aggressive, pretty quick and something you should definitely buy…

If we reach the $60,000 level, any dip in price should be a buy because at this point we have tested the $60,000 level three times. I think the next test it wouldn't hold up and then it would be $70,000 to $80,000 [or] $90,000.”

In a bearish scenario, DonAlt expects Bitcoin to crash to its highest timeframe support at around $35,000 in the coming months.

“Now that the ETF is ready, we can finally start considering the levels on the chart again. I'm still on pause, but if we retest either $35,000 or $45,000 (after a rise) in the next three months, I could be convinced to get back into action. Straight up and I’d have to wait a little longer.”

Source: DonAlt/X

At the time of writing, Bitcoin is worth $42,601.

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