Bitcoin Reversal: DonAlt Predicts Surge to $105,000
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Source: Benzinga
- Reversal Signal: Bitcoin's rapid rebound after breaking below $92,000 is seen by DonAlt as a classic bullish signal, potentially leading to a price surge towards $104,000 to $105,000, indicating strong market recovery capabilities.
- Shorts in Trouble: Many traders opened short positions after Bitcoin fell below support, but as the price rebounds, they are forced to incur losses, with DonAlt warning that shorts are now in 'deep trouble' at current price levels.
- Monthly Resistance: While the weekly chart shows breakout signals, DonAlt notes that the monthly chart still faces resistance, emphasizing the need for the market to hold above $92,000 to maintain breakout validity; a drop back below $90,000 could trigger a significant downturn.
- Old Coin Warning: DonAlt warns investors holding onto older altcoins that missing out on Bitcoin's rally represents a massive opportunity cost, stating that 99.9% of altcoins will eventually trend towards zero, urging investors to be prepared for potential losses.
Analyst Views on LTC
Wall Street analysts forecast LTC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LTC is 38.00 USD with a low forecast of 37.00 USD and a high forecast of 39.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
0 Buy
5 Hold
0 Sell
Hold
Current: 36.360
Low
37.00
Averages
38.00
High
39.00
Current: 36.360
Low
37.00
Averages
38.00
High
39.00
About LTC
LTC Properties, Inc. is a real estate investment trust (REIT). The Company invests in senior housing and health care properties primarily through sale-leasebacks, mortgage financing, joint ventures and structured finance solutions including preferred equity and mezzanine lending. Real estate investments segment consists of owned properties that are leased pursuant to non-cancelable triple-net operating leases, financing receivables, mortgage loans, notes receivable and unconsolidated joint ventures. Seniors housing operating portfolio (SHOP) segment comprises operations of approximately 12 memory care and one independent and assisted living communities. Seniors housing and health care property classifications include skilled nursing centers, independent living communities, assisted living communities (ALF), memory care communities (MC) and combinations. It also invests in other types of properties, such as land parcels, projects under development and behavioral health care hospitals.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.





