Analyst Warns About Bitcoin: Price Could Crash If We Can't Maintain This Critical Level - Coin Bulletin

DonAlt, one of the analysts closely followed by the crypto markets, warned that Bitcoin (BTC) could experience a sharp correction if it loses critical support levels.

The analyst, who suggests a drop of more than 13 percent from the current price level, especially said that losing the $80,000 support could trigger a serious bear trend in the market.

Critical Levels: $95,000 and $98,000

According to DonAlt, it is important for Bitcoin to maintain the level of 95,000 dollars. If this level is breached, it is said that supports are decreasing and the price becomes vulnerable to a sharp decline. Falling below 80,000 dollars can create a 'very bad look' and may require the formation of a new market structure.

On the other hand, the analyst thinks that if 98,000 dollars is regained as support on the weekly chart, Bitcoin could start a new bull rally. If a close is made above this level, a quite positive scenario will emerge, and new highs can be targeted.

Lack of Support Creates Risk

DonAlt points out that in the recent upward trend of Bitcoin, the price has rapidly risen in a straight line, which is why there is insufficient support on pullbacks. He emphasizes that the lack of support makes it difficult to predict where prices will stop, so investors should be cautious.