DonAlt issues new Bitcoin price outlook after historic 700% XRP call

Trader DonAlt, who predicted XRP's 700% surge from 50 cents to $3.50, published a new Bitcoin forecast as the Federal Reserve began its two-day policy meeting on Tuesday.

Trader DonAlt, who called XRP's 700% surge from 50 cents to $3.50, issued a new Bitcoin outlook Wednesday as BTC held at $63,891.

"DonAlt's track record with the XRP prediction lends strong credibility to his new Bitcoin outlook," the analysis noted. The pseudonymous trader's forecast arrives as the Federal Reserve concludes its two-day meeting Wednesday, with Chair Kevin Warsh's press conference scheduled for 2 p.m. ET.

Bitcoin traded little changed at $63,891 as of the Asian session open, according to CoinGecko data. Ether fell 1.5% to $1,887. The Fed is expected to hold rates steady at 5.25% to 5.5%, though some traders have priced in the possibility of a surprise increase. Oil prices added to the uncertainty, with Brent crude rising above $90 a barrel and West Texas Intermediate gaining 7.5% to $85.23 after a resurgence in Middle East violence.

DonAlt's previous call — predicting XRP's rally from 50 cents to $3.50 — earned him cult status in crypto circles and demonstrated his ability to identify multi-bagger opportunities. His new Bitcoin forecast could drive increased trading volume as both retail and institutional traders react to the outlook, with BTC's next move hinging on the Fed's rate decision and forward guidance.

DonAlt first gained widespread attention during the 2024-2025 market cycle when his XRP call played out over several months, cementing his reputation as a macro-oriented trader who blends technical patterns with liquidity analysis. The specific price target in his latest Bitcoin outlook was not disclosed in the initial publication.

The broader market backdrop remains challenging for risk assets. The S&P 500 fell 0.8% on Tuesday, while the tech-heavy Nasdaq 100 lost 1.2%, dragged down by a rout in chipmakers ahead of quarterly reports from Microsoft Corp. and Meta Platforms Inc. The yield on 10-year Treasuries rose three basis points to 4.64%, reflecting inflation concerns tied to the Iran conflict.

In Asia, South Korea's Kospi Index slid as much as 13% on Wednesday, triggering a circuit breaker for a second straight day. SK Hynix Inc. earmarked at least $31 billion in capital spending this year, a record outlay that coincides with growing fears about investments in AI capacity. "If history is any guide, these developments could be important examples of a canary in the coal mine," said Matt Maley at Miller Tabak.

For Bitcoin, the key support level sits near $62,000, with resistance at $65,500, according to technical analysis. A dovish Fed outcome could drive a breakout above resistance, while a hawkish surprise would likely test the downside support.

This article is for informational purposes only and does not constitute investment advice.