A popular crypto trader is predicting a potential Bitcoin crash. If a key support level breaks, Bitcoin could see a significant price drop.
A Bearish Prediction
DonAlt, a trader with a large YouTube following, is sounding the alarm. He believes Bitcoin’s recent all-time high was a “false breakout.” He points to the fact that the price has retested previous support levels as a sign of weakening momentum. He’s particularly concerned about the $98,000-$101,000 support level.
Potential Price Drop
If this support fails, DonAlt predicts a swift drop to around $90,000. That represents a potential 15% fall from the current price.
Longer-Term Outlook
Despite the bearish short-term outlook, DonAlt remains somewhat optimistic on longer timeframes. He notes that weekly and monthly charts still look bullish, although the weekly chart shows less strength than the monthly one.
Disclaimer
This analysis is solely the opinion of one trader and should not be considered financial advice. Investing in cryptocurrencies is inherently risky, and you could lose money. Always do your own research before making any investment decisions.
