Bitcoin Poised for Six-Figure Price if Resistance Broken

Bullish Outlook

A prominent crypto strategist predicts Bitcoin (BTC) could soar to $100,000 if it can reclaim a key resistance level. DonAlt, a pseudonymous analyst, believes that a close above $63,861 would invalidate the recent sell-off.

He predicts a subsequent rally that could surpass Bitcoin’s previous all-time high and push it towards $80,000, $90,000, and even $100,000.

Bearish Warning

However, DonAlt cautions that a break below the support level at $56,500 could trigger a 10% drop to $52,000. If this support fails, he sees a potential decline to $44,000 or even $40,000.

Current Price

At the time of writing, Bitcoin is trading at $57,443, down 4.5% in the past 24 hours.