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▲ Bitcoin (BTC)
An analysis suggests that Bitcoin (BTC) could enter a strong upward acceleration phase if it recovers $87,000. Anonymous analyst DonAlt, known for accurately pinpointing Bitcoin's peak in 2025, presented key price levels where market sentiment clearly shifts, diagnosing that a full-fledged bullish trend could unfold if Bitcoin surpasses certain resistance levels.
According to crypto media outlet Daily Hodl on May 6 (local time), DonAlt stated via X (formerly Twitter) that if Bitcoin breaks above $87,000, there's a high probability the market will transition into a full bullish phase and the upward trend will accelerate. He analyzed that if Bitcoin surpasses $78,000, investors will cautiously begin to adopt a bullish perspective, and if it exceeds $87,000, bullish sentiment could fully materialize. Conversely, he noted that if it falls below $70,000, the market structure could weaken significantly.
DonAlt assessed that Bitcoin has been forming a clear upward trend since its sharp drop to around $60,000 in February. He explained that the recent downturn did not manifest as a deep and prolonged collapse like past bear markets, and on charts, the downtrend appeared relatively small. This is interpreted to mean that Bitcoin has absorbed a significant portion of the market's structural weakness by maintaining a recovery trend after the sharp decline.
He also lent weight to the possibility that Bitcoin's bottom has already formed. DonAlt suggested that there is not a high probability of Bitcoin falling to much lower price levels from the current range, and even in the worst-case scenario, it might see a period of sideways movement rather than a sharp drop. However, he also presented the observation that until a major breakout occurs, the price could fluctuate within a range, testing the patience of market participants.
The core of this analysis is whether Bitcoin can recover $78,000 and $87,000 sequentially. $78,000 was presented as the first hurdle for investor sentiment to shift from bearish to neutral/bullish, and $87,000 as the decisive benchmark for determining whether the upward acceleration will occur. Conversely, a break below $70,000 was identified as a risk signal that could undermine the bullish scenario.
The Bitcoin market faces the potential for increased volatility at key price levels that will determine its short-term direction. If the breakout above $87,000 materializes as per DonAlt's analysis, Bitcoin will secure a signal for a renewed bull market, beyond a mere rebound. Conversely, if it fails to defend $70,000, confidence in the recent recovery trend will weaken, and market caution could increase again.
*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*
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