DonAlt, an experienced investor and veteran of the cryptocurrency sector, accurately predicted that XRP would surge by 700% and reach $3.65 in 2024. The pseudonymous analyst has now released updated forecasts for Bitcoin ($BTC).

Cryptocurrency

Bitcoin, the leading cryptocurrency, broke through a major psychological resistance level over the weekend, surpassing the $80,000 mark. Over the past 24 hours, the asset gained approximately 2.6%, reaching $80,150, with the broader market showing upward momentum.

According to Glassnode’s analysis, surpassing the $78,100 level signaled a significant shift in Bitcoin’s market structure — a level long considered a key reference point and often viewed as the boundary between bullish and bearish trends.

A few days before the end of the two-week ceasefire between the U.S. and Iran, U.S. President Donald Trump, in his latest statements, signaled that he does not want to extend the ceasefire with Iran, pointing to a potential escalation of tensions in the Middle East.

Trading

$XRP price extended losses and traded below $1.450. The price is now consolidating losses and faces hurdles near $1.420 and $1.4370.

Standpoint

Although the recent 19% recovery in the crypto market has led many investors to believe that “the bottom is already in,” leading analytics platform The DeFi Report issued a cautious statement. Company founder Michael Nadye stated that despite the shift in market sentiment toward a bullish trend, blockchain data and macroeconomic liquidity conditions do not yet support the rally.

In recent days, Bitcoin and altcoin charts have continued to rise in the green zone. News about ceasefire negotiations between the U.S. and Iran and the possibility of ending the war has had a positive impact on the market, and one analyst stated that the uptrend could continue for Bitcoin, Ethereum, and XRP.

A notable technical assessment of Bitcoin has emerged in the cryptocurrency markets. Crypto analyst Michaël van de Poppe shared his view on current Bitcoin price movements and possible future scenarios in a post on the social media platform X.