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.
A new report from Cane Island reveals a startling truth about Bitcoin’s supply: by late 2025, over 7 million BTC could be permanently lost—more than one-third of all coins ever mined.
In a fresh move to bolster its Bitcoin war chest, Strategy is rolling out a new fundraising vehicle—Stride preferred shares—targeting up to $1 billion in capital.
Metaplanet is aggressively expanding its Bitcoin holdings through an unconventional $5.4 billion capital raise, positioning itself as a leading BTC proxy in Asia.
BlueBird Mining Ventures, a London-listed firm traditionally focused on gold, is making headlines after announcing it will liquidate its gold reserves and begin accumulating Bitcoin as a treasury asset.