Trader DonAlt has returned with a sharp warning for Bitcoin (BTC). The same person who was able to predict the rise of XRP by 700% in the year 2024 is now giving the ominous sign for BTC.
The dominant coin has changed its position from trending to hovering. DonAlt is of the opinion that Bitcoin has gone into a “dead zone,” a very small and risky area where the movement of the price stops and the faith of the traders is diminished. This situation is very common during which traders make wrong decisions and their patience is put to a serious test.
Also Read: Litecoin (LTC) Dips 1.8% as Bitcoin Trends Influence Key $68–$80 Price Levels
Bitcoin Trapped in Dangerous Dead Zone
Bitcoin has been fluctuating around the price range of $85,000 and $92,000. The range has been the ceiling and the trap where the market was shaken by the post-ETF volatility. The buyers are trying to take control but they are not strong enough. The sellers are coming in but they are not totally committed. This leads to congestion.
DonAlt’s graph indicates that this range will not be stable for too long. In case BTC does not get back to the higher levels soon, then the way down is very quickly opened. A fall to $60,000 would mean that BTC is definitely back in a bear market. This level is not only psychological but also represents the breakdown of a weekly structure.
He also speaks about the overall macro pressure, including what he calls the “Greenland narrative” that is still going on. If these big-picture concerns continue, then BTC might be the first to break down, giving up short-term heights for long-term accumulation. It will be painful but not uncommon.
Bitcoin Bull Case Exists, Timing Matters
There is a still bullish scenario. DonAlt emphasises that a comeback above $104,000 could shift everything. If BTC surpasses and maintains that price point, then a big price increase is possible. In such a case, the $150,000 target will be quite realistic.
However, he is not yet sure about that. Until the important levels are not clearly reclaimed, the positive sentiment will be considered early.
His caution is not just limited to BTC. Solana, in his opinion, has been trapped in the “worst range in crypto,” whereas Litecoin has yielded to a major long-term trendline. All these signals suggest that there is exhaustion throughout the market.
For the time being, Bitcoin is just sitting there. Its structure is static. The way forward is not obvious. And, as DonAlt says, uncertainty is the one thing that is certain in the present-day crypto market.
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