XRP Trader Predicts Bitcoin's Struggles Following 700% Bull Run Prediction

An expert trader, known for accurately forecasting XRP's remarkable 700% increase in late 2024, has now offered a somber outlook on Bitcoin's price movements. DonAlt, who gained recognition for his XRP predictions in 2024-2025, presents a concerning analysis of Bitcoin's current trends.

Key Takeaways

Bitcoin Price Analysis: DonAlt warns that Bitcoin's price of $77,000 signals a significant breakdown.
Support Levels: The loss of the $86,000 support zone raises concerns, with new interest zones identified at the high $60,000s for buying and above $85,000 for bullish strength.
Potential Scenario: While there is a potential upside target of $150,000, this requires Bitcoin to break above $104,000, which appears unlikely.
Market Sentiment: Factors such as global market risk and diminishing interest in cryptocurrency are adding to the pessimism surrounding Bitcoin.

XRP Trader Who Predicted 700% Bull Run Shares Brutal Bitcoin Price Update

Main Content

One of the most precise traders in the cryptocurrency market, who successfully predicted XRP's impressive multi-month surge of 700% back in late 2024, has recently shared his thoughts on Bitcoin. This time, his message is anything but optimistic.

DonAlt, an analyst known for making early and noteworthy XRP forecasts between 2024 and 2025, recently presented a stark Bitcoin chart breakdown. He describes the current price action as "unfortunate but predictable." His assessment indicates that the price of $77,000 is not merely a disappointing drop but a frustrating validation of a troubling breakdown in price structure.

BTC/USD Chart BTC/USD by TradingView

The weekly chart he provided illustrates a grim scenario, revealing that Bitcoin has now fallen below the $86,000 range. This area was previously viewed as a volatile but crucial mid-tier support level. Once the price fell below this threshold, DonAlt pinpointed only two significant zones of interest: the high $60,000s for potential buying opportunities and above $85,000 as a sign of bullish momentum continuing.

Yet, there remains a glimmer of hope according to DonAlt. His upside scenario suggests a full price reversal could target $150,000, provided Bitcoin manages to clear $104,000. However, achieving this level seems increasingly improbable at the moment. The reasons include negative global market sentiment, excessive levels of perpetual futures trading, and a renewed lack of popularity in the crypto space.

DonAlt's experience is noteworthy; his macro insights about Ethereum in early 2022 and the XRP trend reversal in mid-2023 served as highly accurate bottom signals. Now, his loss of confidence in Bitcoin at $77,000 is likely to cause turmoil among traders holding leveraged positions and those with short-term optimism.

For the time being, DonAlt appears to be adopting a patient sniper approach, closely monitoring the market for either a capitulation into the high $60,000s or a breakout from the recently invalidated trading range.