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Bitcoin Poised for New Highs? Analyst Says $101K Is the Key
February 22, 2025 16:00 1 min. readWe may earn commissions from affiliate links or include sponsored content, clearly labeled as such. These partnerships do not influence our editorial independence or the accuracy of our reporting. By continuing to use the site you agree to our terms and conditions and privacy policy.
A well-known crypto analyst believes Bitcoin could reach record highs—if it clears a critical resistance level.
DonAlt suggests that BTC needs to break past $101,000 to trigger a significant rally. According to him, this is the final barrier before Bitcoin can push into uncharted territory.
“The setup looks solid. That’s why I’ve been saying to stay patient. It only takes a few daily candles to shift sentiment. If BTC moves beyond $101,000, we’re back in bullish mode,” he explained.
While the market structure is improving, DonAlt warns it’s still too soon to turn overly optimistic. He believes Bitcoin crossing the $100,000 threshold would mark the beginning of a strong uptrend, but until then, traders should remain cautious.
He also notes that Bitcoin has held up well despite negative market developments, including Bybit’s major security breach and a broader stock market decline. In his view, BTC’s resilience in the face of bad news is another bullish sign.
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