Bitcoin At 'Do-Or-Die' Level And Dogwifhat 'Just Looks Sh*t,' Says Top Trader: 'Can't Pin This On Me'

Ananya Gairola

June 22, 2024

Bitcoin (CRYPTO: BTC) is currently at a critical juncture, according to a prominent crypto analyst. The analyst also updated the outlook for altcoins Solana (CRYPTO: SOL) and dogwifhat (CRYPTO: WIF).

What Happened: On Friday, crypto strategist DonAlt took to X, formerly Twitter, and shared insights on the current state of the crypto market with 562,700 followers. “$BTC at a do-or-die weekly level here as I stated before I really don’t like the $60k range low for another test,” the analyst stated.

$BTC

At a do-or-die weekly level here
As I stated before I really don't like the $60k range low for another test
This one is better, untested support

If it breaks I think we'll go to the next support indicated, if it holds new ATHs are likely pic.twitter.com/ROZ1oQZ001
— DonAlt (@CryptoDonAlt) June 21, 2024

DonAlt pointed out that BTC’s weekly chart suggests a potential breakout or a further decline. He also noted that BTC is emerging from a 100-day trading range, hinting at a significant trend-forming breakout.

See Also: Bitcoin, Ethereum, Dogecoin Remain Rangebound: Analysts Says ‘The Reversal Is On The Horizon’

100+ days of range on BTC coming to an end soon

I'm guessing the breakout that's about to happen is gonna be trend-forming and will at least be maintained for as long as we've been ranging

Gonna be fun to trade majors again
— DonAlt (@CryptoDonAlt) June 20, 2024

His comments were first spotted by The Daily Hold.

Despite BTC’s sideways movement, the smart contract platform Solana has seen a surprising drop. DonAlt highlighted a 37% decrease in SOL’s value against the USD.

$SOL has been rugging in slow motion

Just day after day after day red
Already down 37% against USD from the top
Kind of wild to see given BTC has just been going sideways pic.twitter.com/96Oz6RMoiJ
— DonAlt (@CryptoDonAlt) June 21, 2024

Regarding the meme coin dogwifhat, the analyst was blunt, stating that it “just looks like sh**” after a sharp price decline. He also called out WIF holders for being overly emotional about the coin’s price.

I'm not even short WIF right now, so you can't pin this on me, it just looks shit

Call me biased however much you want, down means down pic.twitter.com/lILXHKJokN
— DonAlt (@CryptoDonAlt) June 21, 2024

$WIF holders all over my mentions taunting me for this current green daily candle

Can't say I hate this new dynamic, makes Twitter quite entertaining

Never have I seen market participants this emotionally charged about simple up/downmoves pic.twitter.com/LBJjxWpSxW
— DonAlt (@CryptoDonAlt) June 19, 2024

Why It Matters: Previously, it was reported that long-term Bitcoin holders and miners, known as “whales,” sold over $1 billion worth of Bitcoin in the past two weeks. This has raised concerns about the lack of demand growth from large Bitcoin holders and a slowdown in stablecoin liquidity.

Meanwhile, other analysts have also made predictions about Bitcoin’s future. Justin Bennett, a crypto analyst with a significant following, has warned of a potential 18% decline in Bitcoin’s value. He pointed to a recent breakdown of the October 2023 trendline, suggesting that a plunge to $54,000 is a possibility.

However, not all predictions are bearish. Analysts at Bernstein have maintained a bullish outlook, predicting a Bitcoin rebound in the coming months and a $200,000 price target for 2025.

Read Next: ‘Dogecoin Killer’ Shiba Inu Drops 12% In 7 Days, But ‘It’s Not Done Yet,’ Says Trader

Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

Bitcoin illustration via Shutterstock.

Recommended

Kamala Harris May Seize This Cutting-Edge Tech -- Act Now - Ad

Why We Just Sold Half of Our Stocks - Ad

The Only Thing a New President Won't Do - Ad

NEW YORK (AP) — by some 33,000 Boeing machinists has halted production of the American aerospace giant's best-selling airplanes. The workers began picketing at Boeing factories and plants in Washington, Oregon and California on Friday after their union negotiated and endorsed.

Uber to dispatch Waymo's robotaxis in Austin and Atlanta next year

Ride-hailing leader Uber on Friday announced it will dispatch robotaxis built by driverless technology pioneer Waymo beginning next year in Austin, Texas, and Atlanta in a deal that deepens the bond between once-bitter rivals.

Stop Paying Full Price for Houses

Stop Paying Full Price for Houses - Ad

Gain instant access to 1000's of houses you can potentially get for just the taxes owed. Why pay full price for properties when you can follow a few simple steps and pay just the taxes owed?

DHL sues MyPillow, alleging company founded by Mike Lindell owes $800,000

MINNEAPOLIS (AP) — Package is suing MyPillow, alleging the company synonymous with its founder, chief pitchman and election denier Mike Lindell owes nearly $800,000 for unpaid bills.

Elon Musk Laughs At The Idea Of Dick Cheney Supporting Kamala Harris For President

Elon Musk humorously commented on the recent endorsement of Kamala Harris by George Bush Jr.-era former Vice President Dick Cheney.

Seven Unknown AI Stocks That Could Dominate the Next Six Years

Seven Unknown AI Stocks That Could Dominate the Next Six Years - Ad

The original "Magnificent Seven" stocks generated 16,800% over the last 20 years. But now a new set of AI stocks is set to take over. Alex Green dubs them "The Next Magnificent Seven." And he's arguing that just $1,000 in each could turn into more than $1 million in less than six years.

The 2024 Olympics were a success for Paris but a calamity for some of its businesses

PARIS (AP) — Parisian business owners and hotel managers were promised a summer like no other. Millions of tourists would flood the French capital for the and , generating huge profits for Paris and its region.

Scaramucci Says Melania Trump Would Prefer Kamala Harris To Donald Trump As President

Anthony Scaramucci has claimed that Melania Trump would rather see Kamala Harris win the presidency than her own husband.

What Smart Investors Are Doing to Profit From the Election

What Smart Investors Are Doing to Profit From the Election - Ad

While millions of Americans are fighting over who they want to win the presidential election... A small group of folks are quietly positioning themselves to profit from it by following a simple election playbook.

Top 2 Energy Stocks That Are Ticking Portfolio Bombs

Two stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

E. Jean Carroll Case: Appeals Court Skeptical of Trump's Bid to Overturn Sexual Abuse Verdict

E. Jean Carroll's case sees an appeals court skeptical of Donald Trump's bid to overturn a $5 million verdict for sexual abuse and defamation.

The No. 1 AI Stock of 2024 (Not Nvidia)

The No. 1 AI Stock of 2024 (Not Nvidia) - Ad

It's not Nvidia, Meta Platforms, Alphabet, or Amazon. But thanks to a recent major deal, an under-the-radar stock could become the No. 1 winner of the AI boom. "This company just teamed up with one of the biggest power players in the AI industry... yet you can still buy it for just one-twelfth the price of Nvidia -- the time to buy is NOW," says Marc Chaikin.

Air Canada urges government to intervene as labor dispute with pilots escalates

OTTAWA, Ontario (AP) — and business leaders on Thursday urged the federal government to intervene in labor talks with its pilots in hopes of avoiding a shutdown, but the labor minister said the two sides should negotiate a deal.

Huge payout expected for a rare coin bought by Ohio farm family and hidden for decades

TOLEDO, Ohio (AP) -- Three sisters from Ohio who inherited a dime kept in a bank vault for more than 40 years knew it had some value. But they had no idea just how much until just a few years ago.

Buffett's Big A.I. Secret (Handle With Care)

Buffett's Big A.I. Secret (Handle With Care) - Ad

A.I. is the talk of the town...But here's what they're NOT telling you. Former investment banking V.P. Ross Givens is letting the cat out of the bag. He's leaking a revolutionary new development, which changes everything. It will kick off A.I.'s massive second wave.

Southwest shakes up board after coming under pressure from big shareholder

Southwest Airlines will revamp its board and its chairman will retire next year, but it intends to keep CEO Robert Jordan after a meeting with hedge fund Elliott Investment Management, which has sought a leadership shakeup at the airline including Jordan’s ouster.

Is The Bill Gates-Warren Buffett Bond Broken?

The long-standing friendship between billionaires Bill Gates and Warren Buffett has seen a significant downturn in recent years.

America's Slow Decline into Hell

America's Slow Decline into Hell - Ad

As Kamala Harris rises to power, her 3-word agenda threatens every American's freedom and financial security. Get the inside scoop and

Stellantis Fires Back At US Dealer Council's Allegation Of 'Short-Term Decision-Making:' Carmaker Says 'Public Personal Attacks' Not The Way To Solve Problems

Carmaker Stellantis NV said on Wednesday that it takes "absolute exception" to the open letter sent by the President of U.S. Stellantis National Dealer Council (NDC) Kevin Farrish to company CEO Carlos Tavares, terming it a "public personal attack."

Trump plans to launch his sons' crypto business on Monday, 50 days before Election Day

WASHINGTON (AP) — Former President Donald Trump plans to deliver remarks next Monday about cryptocurrency and the launch of the company , a crypto platform controlled by the Republican nominee's sons Donald Jr. and Eric.

What Kamala Won't Do if She Wins the Election

What Kamala Won't Do if She Wins the Election - Ad

She's promising to bring down housing costs and grocery prices...But the one thing she probably won't do, is make you wealthier. Ex-Wall Street Insider, Adam O'Dell has identified a simple way for any American to grow their wealth going into the 2024 presidential elections.

Palantir And Dell Are Set To Join S&P 500 Index: Here's What Peter Thiel And Michael Dell Have Said About Bitcoin

In a major development, tech behemoths Palantir Technologies Inc. (NYSE:PLTR) and Dell Technologies Inc. (NYSE:DELL) are all set to join the blue-chip S&P 500 index.

Mary Trump Shares Video 'Letter' To Uncle Donald Trump, Also Says He Pushed Her To Ketamine Therapy In New Book

Mary Trump, the niece of Donald Trump, has made a public statement to her uncle through a unique medium.

A 10,000% Dividend?!?

A 10,000% Dividend?!? - Ad

Have you seen this strange oil investment? It's NOT a stock, bond, or private company...It has NO age requirements...You do NOT need to be accredited to participate... And you can get in for as little as $25.

GM delays Indiana electric vehicle battery factory but finalizes joint venture deal with Samsung

DETROIT (AP) — Production at an electric vehicle battery cell plant jointly run by General Motors and Samsung SDI has been delayed as EV sales have slowed in the U.S.

Treasury recovers $1.3 billion in unpaid taxes from high wealth tax dodgers

WASHINGTON (AP) — The IRS has collected $1.3 billion from since last fall, the agency announced Friday, crediting spending that has ramped up collection enforcement through President Joe Biden's signature signed into law in 2022.

2024's Top Biotech Pick?

2024's Top Biotech Pick? - Ad

FDA patent pending for new drug delivery device. That means smart biotech investors are chasing reality not dreams.

Mark Cuban Backs Kamala Harris, Seeing A New Business-Friendly Democratic Party

Mark Cuban has reiterated his endorsement of Kamala Harris, seeing a fresh trajectory for the Democratic Party.

Rio de Janeiro police seize on a new target: Hard-to-grasp stuffed animals

RIO DE JANEIRO (AP) — Rio de Janeiro — already notorious for street muggings, corrupt politicians, ruthless militias and Kalashnikov-toting drug traffickers — has a new public enemy: plushies. Or, more specifically, the joystick-controlled claw machines that dispense them.

This Is How the AI Bull Market Ends

This Is How the AI Bull Market Ends - Ad

The AI bull market as we know it right now will end...And all the big popular AI stocks investors are piling into right now will NOT be the where the biggest returns will come from. And for investors who don't know how the market is changing and where it's going...They could end up left behind.

Stalled In Bureaucratic Limbo, This German City Struggles With Illegal Cannabis As Demand Surges

The slow response is largely due to complex bureaucratic requirements. Applicants must provide extensive documentation.

Pay Attention To Protecting Your Wealth, Trouble In Libya Impacts The U.S.

To gain an edge, this is what you need to know today.

Oil = Monthly Income

Oil = Monthly Income - Ad

Right now, there's an unusual $25 way to collect MONTHLY income from the oil markets. It's not a stock, bond, or anything you've likely heard about... But it's by far my #1 investment opportunity for 2024.

TherapeuticsMD And 2 Other Stocks Under $2 Executives Are Buying

Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

France's Macron to visit Serbia with a possible deal to sell French warplanes in a shift from Russia

BELGRADE, Serbia (AP) — French President Emmanuel Macron starts a two-day state visit to Serbia on Thursday with the focus on the possible sale of 12 Rafale multi-purpose fighter jets to the country, which has maintained close ties to Russia despite its invasion of Ukraine.

The "Amazon Coin" -- To Be Bigger Than Bitcoin?

The "Amazon Coin" -- To Be Bigger Than Bitcoin? - Ad

Starting September 23rd, this tiny 3-cent crypto could partner with one of the biggest companies in the world... Amazon. Declassified video reveals "Amazon Coin" ahead of $27 trillion crypto revolution. One team of crypto experts have identified it as the most promising crypto of 2024.

Nvidia And Bitcoin: Overpriced Or Underpriced - Do Fundamentals Justify Their Trillions Of Dollars Worth Of Market Caps?

Cryptocurrencies and stocks are considered risky investments, and traders frequently employ metrics to determine how justified their market value could be. Assessing Nvidia’s Valuation One very popular valuation metric is the price-to-earnings ratio, or simply the P/E ratio.

Tesla CEO Elon Musk Wants To Bring Back Dogecoin As A Payment Option To Buy Company's Merchandise

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk said on Friday that he would like to have the option of paying with meme cryptocurrency Dogecoin (CRYPTO: DOGE) reinstated for the company’s merchandise.

Man Who Predicted Trump Win Issues Shocking New Election Prediction

Man Who Predicted Trump Win Issues Shocking New Election Prediction - Ad

In 2016, surveys were giving Hillary Clinton more than 99% chance of winning right up until election night. But right before the election... Former advisor to the CIA, Jim Rickards predicted Trump would win. You won't believe what he's predicting now. And it could have huge implications for the financial markets.

Lockheed Martin, RTX And Other Defense Companies To Reap Record Cash Flow Of $52B Amid Rising Geopolitical Tensions: Report

Five leading U.S. defense contractors, excluding Boeing are projected to produce a cash flow of $26 billion by the end of 2026.

Trending Now