Bitcoin Could Extend Gains After Holding Key Support, Trader DonAlt Says

BitcoinWorld

Bitcoin Could Extend Gains After Holding Key Support, Trader DonAlt Says

Bitcoin may be poised for further upside after successfully holding a critical support level despite recent selling pressure, according to pseudonymous trader DonAlt, who gained attention for predicting XRP’s 700% surge in 2024 and 2025. In a post on X, DonAlt suggested that the leading cryptocurrency could soon reach new highs, stating, “곧 또 다른 고지를 점하게 될 것 같다” (which translates to “It seems we will soon reach another high”).

Market Context and Price Action

Bitcoin’s recent price action has been notable. The asset climbed from around $64,700 earlier this month, approaching the $81,000 level before pulling back. It has since traded sideways near $78,000, a consolidation that traders often interpret as a potential launchpad for the next move. Holding above the $78,000 mark, which aligns with previous resistance-turned-support, is seen as a bullish signal by many technical analysts.

DonAlt’s comment adds to a growing chorus of traders who view the recent pullback as healthy rather than bearish. The ability to maintain gains despite heavy selling pressure suggests strong demand at higher levels, a factor that could attract institutional and retail buyers alike.