The weekly chart he shared paints a ruthless narrative with Bitcoin having now lost the $86,000 zone — an area characterized as a volatile and indecisive mid-tier zone that once acted as support.
The moment the price dropped below that level, DonAlt identified only two zones of interest: the high $60,000s for value buying and above $85,000 to demonstrate that bulls still have strength.
Anything for Bitcoin bulls?
There is still room for positivity as his upside scenario points to a full reversal targeting $150,000, but only if $104,000 is cleared. However, this looks increasingly unlikely as of now. Blame risk sentiment across global markets, absurd levels of perpetual futures trading or the fact that crypto became unfashionable again, the verdict is the same.
DonAlt has a proven track record as his Ethereum macro calls in early 2022 and $XRP reversal thread from mid-2023 were both high-precision bottom signals. The fact that he is now losing faith in Bitcoin at $77,000 will likely unsettle leveraged longs and short-term optimists all together.
For now, he seems to be watching with sniper patience, waiting for either capitulation into the high $60,000s or a breakout from the range that was just invalidated.