The cryptocurrency analyst, known as DonAlt, believes that the bottom of Bitcoin’s current price cycle has already been reached. In his opinion, it happened this February, when the price of the first cryptocurrency dropped to $62,000. Now, after rebounding and rising to 80,000, the upward movement is likely to continue.

In his social network X account, where DonAlt has about 750,000 subscribers, the analyst wrote that he expects a parabolic acceleration. However, for a full bull cycle, the exchange rate would need to increase by at least 7% - to $87,000. According to his observations, when reaching 78 thousand traders began to buy carefully, and exceeding the level of 87 thousand will provoke mass optimism and acceleration of growth.

DonAlt admits that he would prefer to see a deeper decline - at 80% of October’s highs - but the market, he said, has "grown up." Now even a 50% decline could mean the bottom of the cycle. The analyst does not expect a significant downturn anytime soon, though he allows further consolidation.

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The material is prepared solely for informational purposes and does not constitute a financial advice or recommendation.