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.
Bitcoin’s network hashrate has fallen 3.5% since mid-June, marking the sharpest decline in computing power since July 2024.
Bitcoin has officially overtaken Alphabet (Google’s parent company) in global asset rankings, becoming the sixth most valuable asset in the world, according to the latest real-time market data.
Philippe Laffont, the billionaire behind Coatue Management, is beginning to question his stance on Bitcoin.
Personal finance author Robert Kiyosaki is urging investors to rethink their approach to money as digital assets reshape the economic landscape.