The cryptocurrency market surged after the US Non-Farm Payrolls data came in below expectations. The leading cryptocurrency Bitcoin managed to reclaim the 61 thousand dollar level. The leading altcoin Ethereum has also finally risen above 3 thousand dollars. An analyst with a large following draws two alternative paths for Bitcoin. In addition, the analyst shares two altcoins that are blinking for an exit.

“This altcoin is basically begging for an exit!”

Cryptocoin.comAs you have been following from ‘Bitcoin, the market took a blood bath during the week. In this process, Bitcoin fell as low as $56,000. However, in the last two days, BTC and altcoins have been recovering their losses. The popular analyst nicknamed DonAlt says that the price action of BNB, the native token of BNB Chain, is currently pointing to great upside potential. In this context, the analyst makes the following statement:

I love BNB… I love the BNB chart. This is BNB/USD [grafiği]is basically begging for an exit. I think this dip is just a buy.

According to the analyst, the fourth-largest crypto asset by market capitalization would cease to be attractive for a long opportunity if it falls by around 20% from current levels. The analyst expresses his views on this issue as follows:

Anything below $450 will start to look a bit risky. But overall this looks very strong. If you look at the BNB/BTC pair, you see what absolute dominance looks like. This is actually a really good looking chart. So if you want to own a coin that looks really good… BNB is one of them. This chart looks excellent.

4 thousand dollars is the target for the leading altcoin!

The analyst then looks at the leading altcoin Ethereum (ETH). At the time of writing, Ethereum is trading at $3,047. DonAlt says the following about Ethereum:

If the weekly close this week is above $3,000… then maybe we can talk about going back to $4,000. So at this point I’m more bullish on ETH than I have been in almost years.

Two alternative routes for Bitcoin

Finally, the analyst discusses the leading cryptocurrency Bitcoin (BTC). At the time of writing, Bitcoin is trading at $61,121. According to DonAlt, Bitcoin’s behavior around the two fundamental levels will signal where the leading crypto asset will head next. In this context, the analyst shares the following alternative targets:

I think any close above $70,000 on the monthly chart will probably go towards $80,000, $90,000… Any close below $57,000 will probably go towards $45,000.