A trader, known as DonAlt, who successfully predicted the 2023 crypto breakout, is now forecasting that Bitcoin (BTC) has the potential to reach $100,000. In a recent video update for his 62,400 YouTube subscribers, DonAlt suggests that Bitcoin is on the verge of breaking out of its consolidation phase that began in March. However, he also warns that after the breakout surge, there may be a significant corrective move. DonAlt’s base case scenario is that Bitcoin will skyrocket to $80,000, $90,000, or even $100,000 before dropping back down to $60,000. He expects $60,000 to become a stable base for Bitcoin, leading to a period of consolidation. Despite his optimistic outlook, DonAlt expresses some uncertainty about whether Bitcoin will maintain its upward momentum after the initial breakout. He believes there is a possibility that Bitcoin will consolidate around $60,000 before attempting another breakout. DonAlt acknowledges that he may change his stance depending on future market conditions. At the time of writing, Bitcoin is trading at $67,554, experiencing a slight decline of over 2% in the past 24 hours. As always, investors are advised to conduct thorough research and exercise caution when investing in Bitcoin or any other high-risk assets. The Daily Hodl, where this article is published, does not provide investment advice or act as an investment advisor.