Bitcoin could be heading for a notable dip if it fails to stay above a key price zone, according to market watcher DonAlt.
In his latest analysis, he warned that a break below the $98,000–$101,000 range might trigger a sharp slide toward $90,000—a level last seen in early May.
The recent surge to nearly $112,000 is being dismissed by DonAlt as a weak breakout, lacking the conviction seen in earlier rallies. He argues that solid breakouts usually hold their ground and avoid revisiting support zones too soon. The current retest, in his view, suggests buyers are losing steam.
Still, zooming out offers a more optimistic picture. On the monthly chart, Bitcoin continues to show strength, while the weekly view remains constructive—albeit with less enthusiasm.
For now, the outlook depends on whether BTC can defend its current range or face a deeper correction in the days ahead.
DonAlt’s analysis reflects growing caution in the market, as traders eye support levels more closely amid signs of exhaustion. While long-term sentiment remains positive, short-term traders may need to brace for increased volatility if momentum doesn’t return soon.
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Bitcoin (BTC) is once again hovering near its all-time high today as trading volumes have jumped by 13% in the past 24 hours upon breaking the $119,000 barrier, favoring a bullish Bitcoin price prediction. The top crypto has booked gains of 16% in the past 30 days and reached a new record at $123,091 earlier […]
Bitcoin is consolidating around $119,000 after last week’s all-time high above $123,000.