June 23 (Cointime) - According to DonAlt, an analyst who accurately predicted the crypto bottom in November 2022, Bitcoin is likely to break out of its "indecision zone" and surpass its high of $31,000 this year.

DonAlt believes that the catalyst for this rally was BlackRock's filing for a spot Bitcoin exchange-traded fund (ETF), which caught many bearish traders off guard and forced them to re-buy or get exposure.

DonAlt predicts that the rally will continue until there is a massive candle to the upside, causing people to FOMO into Bitcoin. At the time of writing, Bitcoin is trading at $30,120.