BTC Approaching Critical Level, Analyst Cautions of Impending Breakdown

Renowned crypto analyst DonAlt, known for accurately predicting Bitcoin’s bottom in 2022, is now cautioning about a potential significant breakdown for BTC.

In a recent video update to his 60,100 YouTube followers, DonAlt emphasizes the criticality of Bitcoin’s support level at $63,000. He warns that if this level is breached, a capitulation event could follow, leading to a rapid downturn with the possibility of revisiting the $60,000 support. 

According to DonAlt, the $63,000 mark represents the last line of defense before a potential colossal breakdown. With BTC potentially plummeting to $50,000 if support fails to hold. Currently, Bitcoin is trading at $62,152, hovering below the crucial support level highlighted by the analyst.

Clever Robot News Desk 25^th June 2024