Crypto bears got it wrong again, losing $300 million in liquidations
Crypto bears faced $300 million in losses as Bitcoin surged to $80,594.
CoinDesk1 min read
Expert Trader Who Projected 700% XRP Rally Outlines 3 Bitcoin Price Levels That Matter Most Right Now
TL;DR
Expert trader DonAlt outlines three critical Bitcoin price levels: $78,000 as a cautious return point, $87,000 for bullish acceleration, and $70,000 as a death zone. These levels are crucial for determining market direction as BTC approaches $80,000.
Key points
- DonAlt predicts Bitcoin price levels that matter most now
- BTC is testing $78,000, a cautious return point
- Breaking $87,000 could lead to parabolic growth
- Dropping below $70,000 signals a potential decline
Mentioned in this story
DonAlt
Veteran trader DonAlt, an old-timer of the crypto community who gained even more popularity after accurately predicting a 700% XRP rally to $3.65 back in 2024, has published an updated roadmap for Bitcoin.
While BTC is hovering on the brink of $80,000, DonAlt urges traders to ignore the noise and focus on three mathematical levels that are currently defining the market direction:
- $78,000: "Cautious return" point
Bitcoin is already testing this level and according to the trader's analysis, this is where a shift in psychology occurs: from fear, the market moves into a "cautiously bullish" state. Holding above $78,000 is the first real signal that the trend has recovered. - $87,000: "Bullish acceleration" zone
If BTC breaks above this barrier, DonAlt expects a transition into a phase of parabolic growth. Above $87,000, caution will be replaced by aggressive buying, and the asset's price action will become highly impulsive. - $70,000: "Death zone"
A critical support level, a drop below which is viewed by the trader as a scenario with a "high probability of death" for the current upward movement, which could trigger a prolonged decline.
Bitcoin price outlook by DonAlt, Source: DonAlt's X
The $73,000 liquidation trap and the XRP success factor
The main risk factor today remains the fragility of long positions - according to data from CoinGlass, liquidations of long positions totalling about $130.08 million have already accumulated around the $73,218.83 level. This creates the risk of a cascading drop if support at $70,000 fails to hold.
For those who follow DonAlt's long-term projections, BTC is currently in a preemptively bullish phase. It should be noted that his remains at $6.90, which leads to extrapolating this success to his current plan for Bitcoin.
Q&A
What are the key Bitcoin price levels identified by DonAlt?
DonAlt identifies $78,000 as a cautious return point, $87,000 as a bullish acceleration zone, and $70,000 as a critical death zone.
Why is the $70,000 level considered a death zone for Bitcoin?
The $70,000 level is viewed as a critical support; falling below it could indicate a high probability of a prolonged decline in Bitcoin's price.
What does DonAlt predict if Bitcoin breaks above $87,000?
If Bitcoin breaks above $87,000, DonAlt expects a transition into parabolic growth with aggressive buying replacing caution.
