Bitcoin Price Analysis by DonAlt

Bitcoin’s price action has been shaky, but for top crypto trader DonAlt, it is nothing out of the ordinary. He pointed out that the range low test is done, and as long as Bitcoin (BTC) closes above that level, a bounce next week seems likely.

Currently, Bitcoin is at $88,000, down 9% in just two days, while the market faces chaos, with $1.5 billion in liquidations over the last 24 hours. Interestingly, this same figure was noted in another recent crypto-related event. Coincidence?

DonAlt highlights the key level to watch: $90,787. If Bitcoin closes above it, the bias shifts bullish, with a potential move towards $100,000, where the next significant resistance level sits.

While some traders speculate that Bitcoin might drop to $73,000 to close the CME gap, DonAlt remains unfazed by that scenario for now. His main focus is on Bitcoin reclaiming critical levels instead of worrying about worst-case possibilities.

> $BTC update
> That’s the range low test done; this is still nothing out of the ordinary.
> If it closes above the range low, I think we’re in for a bounce next week.
> I still believe the most sensible approach is to wait for a reclaim of $100k and then fully commit to the market if it does.
>
> — DonAlt (@CryptoDonAlt) February 25, 2025

For those indecisive about their approach, DonAlt suggests that the “sane play” is to wait. If Bitcoin manages to reclaim $100,000, a full commitment to the market would be logical.

Jumping in prematurely, however, carries unnecessary risks. This strategy emphasizes patience and confirmation rather than chasing every dip.

Despite the market turbulence and widespread liquidations, DonAlt does not see anything unusual occurring. As long as Bitcoin stays above key levels, there is no reason to panic.

All eyes are now on whether the price can secure a strong close above resistance and set the stage for the next price action leg.