A well-known crypto analyst, DonAlt, is mapping out what he considers Bitcoin’s worst-case scenario, drawing comparisons to the cryptocurrency’s turbulent 2021 cycle.
He suggests that BTC could experience a similar mid-bull market collapse, potentially shedding 50% of its value within months. While Bitcoin did recover from such a decline in 2021, it struggled to break past $69,000 before entering a prolonged downtrend.
If history repeats itself, DonAlt speculates that Bitcoin might first rally to a new high above $110,000 before surrendering most of its gains. However, he also presents a more optimistic outlook—one where Bitcoin breaks free from its traditional four-year halving cycle. In this scenario, BTC would follow a more consistent upward trajectory rather than the volatile peaks and crashes of past cycles.
Despite concerns about a potential downturn, DonAlt maintains a relaxed approach to the market, emphasizing that long-term trends matter more than short-term fluctuations. He suggests that, instead of stressing over market timing, investors could benefit from a more patient and steady perspective.
The analyst believes Bitcoin could reclaim the $90,000 level before the end of the week, as recent price action shows resilience following a brief dip below $80,000.
Japanese investment firm Metaplanet has officially joined the ranks of the world’s largest corporate Bitcoin holders, announcing Thursday the purchase of 145 BTC — pushing its total stash to 5,000 BTC, currently valued at around $460 million.
As global sanctions continue to isolate Russia from traditional financial networks, the country’s top financial bodies — the Central Bank and the Ministry of Finance — are preparing to launch a government-backed cryptocurrency exchange.
Veteran Bloomberg Intelligence strategist Mike McGlone has reiterated his bearish stance on Bitcoin, adding Dogecoin (DOGE) to the list of assets showing signs of weakness.
Bitcoin’s recent dip below $100,000 might feel discouraging, especially after soaring to $109,000 earlier this year.