Critical Days Ahead: Prominent Trader Shares Bullish Outlook on Bitcoin

Top trader DonAlt provides an updated perspective on Bitcoin's price trend, suggesting a bullish scenario despite market challenges in October and November. He emphasizes a key price level and discusses the potential implications of market movements in the coming days.

Key Takeaways

Bullish Setup for Bitcoin: Despite recent market turbulence, DonAlt sees potential for Bitcoin to regain momentum.
Critical Price Level: The $93,500 monthly reclamation is pivotal for Bitcoin's future direction.
Market Sentiment: A failure to reclaim this level could lead to increased selling pressure and a potential "crypto winter."
Historical Insights: DonAlt previously predicted XRP's significant price increase in 2025, highlighting his analytical skills in the cryptocurrency market.

DonAlt's Bitcoin Price Outlook

Famous trader DonAlt, recognized for his accurate predictions, has recently shared his updated analysis concerning Bitcoin’s price movements. Surprisingly, amid the chaotic market conditions of October and November, he foresees a bullish potential for BTC.

His key observation is straightforward: while the Bitcoin price chart appears damaged on higher time frames, the pullback has significantly shaken confidence among investors. However, a crucial price level remains that could turn the overall picture positive if bullish momentum materializes this week.

For DonAlt, this pivotal level is set at the monthly reclamation around $93,500. This area quickly became a battleground after Bitcoin dropped below it, negatively affecting market sentiment. The upcoming days will determine if Bitcoin can rise above this mark before the monthly candle concludes.

Bitcoin Analysis by DonAlt Source: DonAlt

DonAlt views this possible reclamation as a dividing line between a controlled correction and a more severe decline, which could erroneously force the market to revisit lower support levels, sparking what many refer to as a "crypto winter."

Interestingly, DonAlt is the same trader who identified the early structure of XRP before its remarkable 700% surge in early 2025, which drove the token to a new all-time high above $3.50.

If Bitcoin cannot reclaim this critical price level, the sentiment is likely to shift. In this case, sellers will gain the upper hand, liquidity may diminish, and the path toward midrange support levels that were not fully tested during the recent upward movement may become accessible again for the cryptocurrency.

Conversely, if bulls succeed in closing the month above this key level, DonAlt asserts that the overall market structure would appear significantly more favorable, underscoring the urgent importance of the next few days for Bitcoin’s trajectory.