• bitcoinBitcoin (BTC) $ 113,187.00
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  • xrpXRP (XRP) $ 2.52
  • solanaSolana (SOL) $ 203.47
  • usd-coinUSDC (USDC) $ 0.999806
  • staked-etherLido Staked Ether (STETH) $ 4,111.58
  • dogecoinDogecoin (DOGE) $ 0.204210
  • tronTRON (TRX) $ 0.317024
  • cardanoCardano (ADA) $ 0.702430
  • wrapped-stethWrapped stETH (WSTETH) $ 4,997.89
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  • chainlinkChainlink (LINK) $ 19.06
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  • ethena-usdeEthena USDe (USDE) $ 0.999276
  • wrapped-eethWrapped eETH (WEETH) $ 4,433.76
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  • wethWETH (WETH) $ 4,107.33
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • leo-tokenLEO Token (LEO) $ 9.63
  • usdsUSDS (USDS) $ 0.999782
  • hedera-hashgraphHedera (HBAR) $ 0.187174
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 113,199.00
  • usdt0USDT0 (USDT0) $ 1.00
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  • mantleMantle (MNT) $ 2.01
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  • whitebitWhiteBIT Coin (WBT) $ 42.92
  • the-open-networkToncoin (TON) $ 2.30
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.20
  • moneroMonero (XMR) $ 309.04
  • crypto-com-chainCronos (CRO) $ 0.162439
  • polkadotPolkadot (DOT) $ 3.26
  • daiDai (DAI) $ 0.998808
  • bittensorBittensor (TAO) $ 467.84
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  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.146725
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  • memecoreMemeCore (M) $ 2.04
  • bitget-tokenBitget Token (BGB) $ 4.84
  • pepePepe (PEPE) $ 0.000007
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  • nearNEAR Protocol (NEAR) $ 2.49
  • aster-2Aster (ASTER) $ 1.48
  • jito-staked-solJito Staked SOL (JITOSOL) $ 251.83
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • usd1-wlfiUSD1 (USD1) $ 0.999397
  • susdssUSDS (SUSDS) $ 1.07
  • aptosAptos (APT) $ 3.69
  • ethereum-classicEthereum Classic (ETC) $ 16.85
  • paypal-usdPayPal USD (PYUSD) $ 0.999906
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  • ondo-financeOndo (ONDO) $ 0.800974
  • binance-peg-wethBinance-Peg WETH (WETH) $ 4,110.08
  • falcon-financeFalcon USD (USDF) $ 0.997289
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.62
  • story-2Story (IP) $ 6.72
  • worldcoin-wldWorldcoin (WLD) $ 0.963014
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.201241
  • binance-staked-solBinance Staked SOL (BNSOL) $ 218.43
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  • internet-computerInternet Computer (ICP) $ 3.58
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  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,698.18
  • usdtbUSDtb (USDTB) $ 1.00
  • algorandAlgorand (ALGO) $ 0.204539
  • chainopera-aiChainOpera AI (COAI) $ 9.10
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  • bfusdBFUSD (BFUSD) $ 1.00
  • vechainVeChain (VET) $ 0.019250
  • wbnbWrapped BNB (WBNB) $ 1,220.97
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 4,336.43
  • cosmosCosmos Hub (ATOM) $ 3.48
  • kaspaKaspa (KAS) $ 0.061172
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  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 40.02
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 4,334.78
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  • sei-networkSei (SEI) $ 0.225716
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 112,991.00
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 4,366.38
  • quant-networkQuant (QNT) $ 90.33
  • pax-goldPAX Gold (PAXG) $ 4,164.42
  • official-trumpOfficial Trump (TRUMP) $ 6.33
  • bonkBonk (BONK) $ 0.000016
  • nexoNEXO (NEXO) $ 1.23
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  • syrupusdcSyrup USDC (SYRUPUSDC) $ 1.13
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  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999347
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 112,867.00
  • immutable-xImmutable (IMX) $ 0.575009
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  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998729
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,427.17
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 233.12
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  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 113,188.00
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  • ripple-usdRipple USD (RLUSD) $ 0.999372
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  • plasmaPlasma (XPL) $ 0.449410
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  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 3,923.51
  • global-dollarGlobal Dollar (USDG) $ 0.999984
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  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 4,114.33
  • flokiFLOKI (FLOKI) $ 0.000075
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  • havvenSynthetix (SNX) $ 2.00
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  • usdx-money-usdxStables Labs USDX (USDX) $ 0.996774
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  • tbtctBTC (TBTC) $ 112,461.00
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  • aethirAethir (ATH) $ 0.044966
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  • gtethGTETH (GTETH) $ 4,113.93
  • pendlePendle (PENDLE) $ 3.70
  • newton-projectAB (AB) $ 0.007595
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  • myx-financeMYX Finance (MYX) $ 3.15
  • usdaiUSDai (USDAI) $ 1.03
  • beldexBeldex (BDX) $ 0.079497
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.40
  • dogwifcoindogwifhat (WIF) $ 0.582993
  • dashDash (DASH) $ 46.45
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  • swissborgSwissBorg (BORG) $ 0.543283
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  • frax-etherFrax Ether (FRXETH) $ 4,066.28
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 4,112.56

Crypto Trader Unveils Worst-Case Scenario for Bitcoin This Cycle – Here’s His Outlook

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Crypto Trader Unveils Worst-Case Scenario for Bitcoin This Cycle – Here’s His Outlook

A crypto strategist who nailed the start of the current Bitcoin bull market is outlining what he thinks is the worst possible path for BTC.

Pseudonymous analyst DonAlt tells his 657,500 followers on the social media platform X that it is within the realm of possibility for BTC to repeat its 2021 mid-bull cycle collapse when it lost over 50% of its value in just three months.

While Bitcoin eventually recovered all losses by November 2021, BTC failed to mount rallies above $69,000 before abruptly ending its bull market.

If Bitcoin follows in the footsteps of its 2021 bull cycle, it would suggest that BTC will recover after a 50% drawdown and put in a new all-time high at slightly above $110,000 before giving up most of its gains as it enters bear territory.

“To me, worst case [is] we’re here in the cycle. Excited to see how it plays out.”

Crypto Trader Unveils Worst-Case Scenario for Bitcoin This Cycle – Here’s His Outlook

Source: DonAlt/X

Alternatively, DonAlt says the best-case scenario for Bitcoin is that it moves away from its halving-based four-year cycle. Bitcoin’s halving is an event that slashes BTC miner reward in half, triggering an imbalance between supply and demand that has previously coincided with rallies.

Without a four-year cycle, DonAlt appears to suggest that BTC will witness a steady uptrend without the need to time market tops and avoid brutal bear winters.

“This cycle is so chill.

Just take it easy.

If the market is up? Great you make money. If the market is down? It is what it is, maybe it will go up again.

Prior cycles were a constant struggle having to sell tops and bottoms, for this one, I’ve just chosen blissful complacency.”

Looking at Bitcoin’s current state, the analyst says it is possible for Bitcoin to recover support at $90,000 before this week expires as BTC continues to bounce after briefly trading below $80,000.

“No way they can push it back above $90,000 before the weekly close, right?”

Crypto Trader Unveils Worst-Case Scenario for Bitcoin This Cycle – Here’s His Outlook

Source: DonAlt/X

At time of writing, Bitcoin is trading for $86,351, up over 2% on the day.

Generated Image: DALLE3

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