TL;DR
Bitcoin (BTC) is showing what veteran trader DonAlt describes as the strongest technical setup in months. Despite the recent slide from $120,000 to $104,000, he suggests the move represents a healthy retest rather than a breakdown. In his latest analysis shared on X, he highlights a higher-time-frame demand zone that previously served as the launch base for this cycle’s rally.
DonAlt, who correctly predicted the 2023 bottom and XRP’s 2024 rally, admits the BTC chart does not look attractive at first glance but maintains that its internal structure remains constructive. “I am not thrilled with the chart, but this is the best bull case left,” he said, noting that compression above $100,000 could trigger renewed momentum soon.
On the monthly chart, Bitcoin has returned to a former resistance area now turned into solid support. The weekly timeframe confirms this level, while the daily chart hints at a possible higher low forming between $102,000 and $104,000. Market sentiment, although cautious, is showing signs of renewed confidence among long-term holders, suggesting that accumulation patterns remain steady.
Unlike traditional markets, where prices rely heavily on earnings or central bank policies, Bitcoin’s setup is cleaner, guided by price action and liquidity dynamics. DonAlt points out that this simplicity gives BTC an edge in uncertain macro conditions.
If Bitcoin maintains the $100,000 support zone, the next bullish impulse could drive it toward $130,000. Should this level fail, the next key support lies around $82,000–$89,000, an untouched liquidity pocket since early 2024. Analysts also note that open interest and funding rates remain neutral, indicating a balanced market without extreme leverage pressure.
Despite ongoing market caution, DonAlt’s analysis reinforces that Bitcoin retains the clearest technical path for continuation. With ETF inflows stabilizing and on-chain accumulation trends persisting, many traders interpret the current correction as a natural reset before expansion.
In DonAlt’s view, Bitcoin remains the best-positioned asset to lead the next phase of the crypto cycle, supported by a structure that — while not flawless — still points decisively upward.
