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Top Analyst Expects Bitcoin to Surpass $31,000 High Following BlackRock's ETF Filing

June 23 (Cointime) - According to DonAlt, an analyst who accurately predicted the crypto bottom in November 2022, Bitcoin is likely to break out of its "indecision zone" and surpass its high of $31,000 this year.

DonAlt believes that the catalyst for this rally was BlackRock's filing for a spot Bitcoin exchange-traded fund (ETF), which caught many bearish traders off guard and forced them to re-buy or get exposure.

DonAlt predicts that the rally will continue until there is a massive candle to the upside, causing people to FOMO into Bitcoin. At the time of writing, Bitcoin is trading at $30,120.

Bitcoin Bitcoin $97,871.96
+1.2%
Bitcoin Rally
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