‘Break That and We Start Marching Upwards Again’: Trader Unveils Last Hurdle Between Bitcoin and New Record High

A crypto strategist known for making timely Bitcoin calls says BTC may print new all-time highs if it can pull off one key thing.

Pseudonymous analyst DonAlt tells his 652,900 followers on the social media platform X that Bitcoin needs to break through resistance at the $101,000 level to have an explosive move to the upside.

“We like what we see. This is why I’ve been saying to just chill. It takes a whole three daily candles to make the mood swing the other way again. To me, $99,000-$101,000 is the last resistance before new ATHs (all-time highs). Break that and we start marching upwards again.”

Source: DonAlt/X

The analyst also says that Bitcoin’s market structure is improving but it is still too early to turn bearish.

“BTC update: looks like it was a good choice not to doom post the lows. Just took two days and BTC looks much better. Greater than $100,000 and the party starts. Until then, it’s a bit too early to celebrate the win yet.”

Source: DonAlt/X

The analyst also says that Bitcoin is showing strength after the negative news that the Dubai-based crypto exchange Bybit suffered a major security breach involving its Ethereum ( ETH ) cold wallet as well as Friday’s broad stock market sell-off .

“Pretty good reaction to bad news especially given it’s coupled with the traditional finance markets selling off.”

Bitcoin is trading for $ 96,127 at time of writing.

The analyst also believes that Ethereum is trading below its fair market value, while payment token XRP has reached its market value range.

“When I was bull posting XRP at $0.50-$0.60 I felt like XRP was mis-priced relative to everything else in the market Now it’s at around $3, which seems much fairer. I kinda feel the same way about ETH now at $2,800, mis-priced by quite a bit.”

ETH is trading for $2,647 at time of writing, down 3.1% in the last 24 hours. Meanwhile, XRP is trading for $2.56 at time of writing, down 4.5% on the day.

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