Cryptocurrency analyst DonAlt warns that Bitcoin is currently trapped in a "dead zone" between $85,000 and $92,000, an area that serves as both resistance and a liquidity trap. He believes that if Bitcoin cannot break through this zone, it could fall to around $60,000, signaling the arrival of a bear market. While a breakthrough to $150,000 is not impossible for Bitcoin, he remains skeptical if it cannot hold above the current levels. Additionally, he criticized Solana's price movement and pointed out a concerning failure in Litecoin's long-term trend line.
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Cryptocurrency analyst DonAlt warns that Bitcoin is currently trapped in a "dead zone" between $85,000 and $92,000, an area that serves as both resistance and a liquidity trap. He believes that if Bitcoin cannot break through this zone, it could fall to around $60,000, signaling the arrival of a bear market. While a breakthrough to $150,000 is not impossible for Bitcoin, he remains skeptical if it cannot hold above the current levels. Additionally, he criticized Solana's price movement and pointed out a concerning failure in Litecoin's long-term trend line.