Bitcoin News

Story: Bitcoin’s Bullish Momentum Faces Test at $108K Support, Says Analyst DonAlt

By MikeT

1 / 11

Bitcoin continues to trade at elevated levels, with many traders maintaining a bullish outlook—yet some analysts are also highlighting key levels that could change the narrative…

2 / 11

Speaking to his 67,000 subscribers on the TechnicalRoundup YouTube channel, DonAlt described Bitcoin as “still hilariously bullish” despite minor recent corrections.

3 / 11

According to DonAlt, “You just don’t want to necessarily lose $108,000. I think that’s like the first warning sign that something is wrong.

4 / 11

Still, the trader admitted he would become “very, very worried” if Bitcoin fails to hold the $108,000 support zone.

5 / 11

In addition to technical concerns, DonAlt also pointed out a macroeconomic risk factor that could have a significant impact on Bitcoin’s trajectory—corporate accumulation.

6 / 11

“If they’re done and they cannot buy anymore, that would be the end of the Ponzi, which would not be great,” he remarked bluntly.

7 / 11

Despite these concerns, DonAlt acknowledged that the current reward-to-risk ratio still favors the bulls. “It is, don’t get me wrong, a dangerous spot that we’re in,” he said.

8 / 11

Bitcoin's resilience near its all-time highs continues to draw attention across the crypto space.

9 / 11

The broader sentiment around Bitcoin also remains largely positive, driven by developments in the ETF space, increased on-chain activity, and broader adoption signals.

10 / 11

As traders keep their eyes on $108,000, the market remains in a wait-and-see mode. A bounce from current levels could reinforce bullish conviction and encourage further buying.

11 / 11

For now, Bitcoin holders appear cautiously optimistic. The next few weeks will be crucial in determining whether this rally has more room to run—or whether a deeper retracement…

The Currency Analytics

Want the full story?