Cryptocurrency analyst DonAlt, who predicted a 700% rise in XRP in 2024, is back, this time with a tough take on Bitcoin prices. In his latest update he said: BTC We are in what is called a dead zone.
This is a kind of congestion between $85,000 and $92,000 that has acted as both a resistance ceiling and a liquidity trap since the post-ETF turmoil.
DonAlt’s chart shows that if Bitcoin fails to return to the upper range soon, it will likely fall towards the $60,000 price range, officially entering a bear market.
His basic policy is that if the broader issues related to the “Greenland story” continue as they are, BTC We will likely break out of this range and sacrifice short-term upside for long-term accumulation.
Bitcoin reaches $150,000? Too soon?
Things could turn around starting around $104,000, and the target for a full bullish move is $150,000. However, unless BTC Despite clearing and holding the current levels, traders are not convinced that an actual breakout will occur.
As for Solana, the trader called it “the worst range in crypto” and said he would prefer a clean break and reclaim to more indecisive sideways action. Meanwhile, his Litecoin chart showed a major failure of the long-term trend line, which he summed up as “unfortunate things happening in the crypto world.”
Don Alt’s market commentary is timely for a period of uncertainty, as Bitcoin’s weekly structure is frozen and major altcoins are showing depletion. That’s the only certainty for now.