An analyst known for accurately predicting Bitcoin’s 2025 top believes an explosive bullish phase will ensue if BTC reclaims one key level.
The pseudonymous analyst DonAlt tells his 727,200 X followers that Bitcoin will enter a parabolic uptrend if BTC increases more than 7% from its current value.
“I’ve been preemptively bullish but I think these are the levels at which sentiment and market behavior will shift notably:
- $78,000+: people will finally start being cautiously bullish.
- $87,000+: full blown bullish, bullish acceleration likely.
- $70,000-: high likelihood of death.”
The analyst also says that BTC is in a clear uptrend following its collapse to about $60,000 in February.
“You can barely see the bear market we just went through I liked it better when we went down 80% and then up infinite, but, oh well, we’re all adults now I guess.”
Lastly, the analyst says that Bitcoin’s market bottom is likely in, but that the top crypto asset may trade sideways for a while before a massive break out.
“I don’t really think BTC is going much lower from here. Chop is the worst case in my head from here on out. (Unless the world ends, but useless to pontificate that.)”
Bitcoin is trading at $81,272 at time of writing, up marginally on the day.
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