Bitcoin Could Surge 8% If Key Price Area Reclaimed, Analyst Says

A crypto strategist, known for accurately predicting Bitcoin's 2022 bear market bottom, has identified two key conditions that could propel BTC into a strong bullish momentum. The analyst, who goes by the pseudonym DonAlt, outlined these conditions in a strategy session, emphasizing the importance of reclaiming a key price area as support to curb selling pressure. This price area is crucial for Bitcoin bulls to regain control and drive the price higher.

DonAlt also highlighted the impact of geopolitical factors on Bitcoin's price action. He noted that statements from US President Donald Trump, such as tariff threats to other countries, have driven the stock market to lower levels, which in turn affects Bitcoin's price. The analyst suggested that if Trump were to stop making such statements, it could create a more stable environment for Bitcoin to rally.

According to DonAlt, if Bitcoin reclaims the $90,000 price area as support on the daily, weekly, or monthly time frame, it could trigger a significant price surge. He believes that once these two conditions are met—reclaiming the key price area and a more stable geopolitical environment—Bitcoin could experience surprisingly strong price action. However, until these conditions are met, DonAlt maintains that BTC bears have the upper hand, with macro factors supporting a range breakdown.

The analyst's insights provide a strategic roadmap for investors, highlighting the potential for substantial gains if these conditions are met. The ongoing tensions in the global market have seen Bitcoin's price fluctuate, underscoring the importance of the identified conditions. As of the latest update, Bitcoin is trading at $83,658, reflecting the current market dynamics and the potential for future price movements based on the conditions outlined by DonAlt.