Summary
- Cryptocurrency analyst DonAlt stated that if Bitcoin does not surpass $110,000, the bull market may end.
- He mentioned that if Bitcoin falls below $100,000, a very dangerous situation could unfold.
- Currently, Bitcoin is trading at $106,907 on Binance, down 2.08% from 24 hours ago.
There is a claim that the bull market for virtual assets (cryptocurrency) may end if Bitcoin (BTC) breaks its support level.
According to The Daily Hodl on the 25th (local time), cryptocurrency analyst DonAlt stated on YouTube, "Currently, Bitcoin has not definitively surpassed $110,000. This is similar to the 2021 bull market," and added, "If Bitcoin breaks the key price support level, this bull market could end abruptly." He further claimed, "Reaching $104,000 for Bitcoin is an early warning signal," and "If it falls below $100,000, a very dangerous situation could unfold."
Previously, in 2021, Bitcoin failed to surpass $69,000 and entered a long-term decline, falling below $20,000.
As of 8:01 PM, Bitcoin is trading at $106,907 on the Binance USDT market, down 2.08% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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