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.
Despite the lack of momentum, DonAlt said sentiment looks too pessimistic relative to the actual price action.
"People are overly bearish," he said, noting that calls for $40,000 Bitcoin increasingly appear to treat another collapse as inevitable despite BTC continuing to hold its broader range.
His current bias: "Up is probably more likely than down."
Ethereum Outlook Looks Stronger
DonAlt said Ethereum is still trading against major resistance around $1,900, but its performance against Bitcoin has improved substantially.
If ETH clears that resistance, he sees the potential for a rapid move toward roughly $2,400 to $2,500.
That leaves him considering buying before confirmation rather than chasing a breakout later.
"I kind of feel like the resistance is more likely to break than not," DonAlt said.
