Bitcoin Bulls Should Be ‘Cautious’ At $61.5K And Bearish Below This Crucial Level, Says Veteran Trader
Posted On September 26, 2024
Pseudonymous veteran trader DonAlt is cautious about the prospects of Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) but remains bullish on their near-term future.
What Happened: In the latest episode of the Technical Roundup podcast, DonAlt said that Ethereum has been underperforming Bitcoin significantly but hasn’t completely “washed out” yet.
He expressed skepticism about Bitcoin reaching $1 million in the next 10 years but believes it will eventually replace gold as a store of value over the next century.
Regarding Ethereum, the analyst described its current state as “mediocre” and “not bad,” suggesting it’s underappreciated. He mentioned having a small position in ETH but admitted it’s not …
About The Author
