He says Solana (CRYPTO: SOL), XRP (CRYPTO: XRP) and much of the broader altcoin market will likely underperform the former in the future.
Bitcoin Breakout Could Run
In a podcast on Aug. 12, DonAlt said Bitcoin has effectively gone nowhere for six to ten weeks, repeatedly testing resistance while holding support.
He highlighted roughly $65,600 as the key upside level. A convincing breakout above that area could create a momentum trade and potentially trigger a fast move higher.
On the downside, he sees the low $62,000 region as increasingly important. A deeper move toward that area would raise the odds of another test of the range lows.
