The prominent analyst of the crypto money market Donalt, Bitcoin $107,078.29 He explained that the current rise trend may end with a sudden collapse if the prices cannot maintain critical levels. Reminding the collapse of $ 60,000 in 2021, the analyst emphasized that it would pose a great risk to go below 104,000 and $ 100,000. It was underlined that investors should be cautious, taking into account the past cycles.
Critical levels for Bitcoin and possible scenarios
According to Donalt, Bitcoin’s current price of $ 107,590 depends on two important support levels in the near term: 104,000 and $ 100,000. The loss of these thresholds may trigger a harsh correction in the market. The Analyst warned investors using the statements, “It means that the danger bells are stolen if the $ 104,000 is a warning and the danger bells are under 100,000.
After the loss of $ 60,000 in 2021, a 70 %collapse is concerned about a similar scenario. Donalt, “If the price can not be held at these levels, all predictions may be invalid,” he called for urgent measures. In particular, it is stated that large investors follow these levels and sales pressure may increase.
Similarities and risks with past cycles
Parallels between Bitcoin’s rise and collapse cycle in 2021 and the current market movements are remarkable. At that time, the fact that the $ 60,000 could not turn into support had started a long bear market. Donalt argues that investors should closely monitor daily price movements to prevent a similar picture from being repeated.
The high volatility of the crypto currency market means that sudden decreases can occur at any time. Experts, “If the price goes below $ 100,000, panic sales may become inevitable,” warning. On the other hand, it is emphasized that technical indicators still give the rise signal, but it is necessary to protect the basic supports.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
