Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Author of Legendary 700% XRP Prediction Reacts to Crypto Market Collapse, Reveals Bitcoin Price Outlook

Author of Legendary 700% XRP Prediction Reacts to Crypto Market Collapse, Reveals Bitcoin Price Outlook

CryptoNewsNetCryptoNewsNet2026/06/02 10:36
By:CryptoNewsNet
Back to the list

Author of Legendary 700% XRP Prediction Reacts to Crypto Market Collapse, Reveals Bitcoin Price Outlook

Author of Legendary 700% XRP Prediction Reacts to Crypto Market Collapse, Reveals Bitcoin Price Outlook image 0  u.today 16 m
Author of Legendary 700% XRP Prediction Reacts to Crypto Market Collapse, Reveals Bitcoin Price Outlook image 1

Popular trader DonAlt, who accurately predicted $XRP's phenomenal rally from $0.6 to $3.5 in the 2024–2025 cycle, broke his silence to cool down market participants. Spoiler: there is no bullish "hopium" here.

His latest Bitcoin update for early June 2026 is a sober cold shower for those who expected immediate parabolic growth.

Instead of hype, DonAlt suggests looking at the market through healthy skepticism and irony toward the crowd. Analyzing the latest $BTC/USD chart, the trader states that, globally, nothing has changed in the market for several months, while the main cryptocurrency remains locked in a prolonged sideways range.

'Not great, not bad'

In his view, the price is firmly capped from above by the seller zone at $82,300, while from below the market is protected by a strong support block at $60,000, rooted in the prolonged consolidation of previous years. Taking all this into account, the trader described Bitcoin's current condition succinctly as "not bad, but not great either."

The most interesting angle in DonAlt's analysis concerns crowd psychology and a potential trigger for a local decline. He admits that Bitcoin could correct toward support around $60,000, but the reason would not be a fundamental breakdown of the trend. Instead, it would be a simple reverse fear-of-missing-out syndrome, or FUD.

Author of Legendary 700% XRP Prediction Reacts to Crypto Market Collapse, Reveals Bitcoin Price Outlook image 2 DonAlt's Bitcoin price outlook, Source: DonAlt

The trader jokes that the crowd is ready to panic over an invented narrative that Strategy head Michael Saylor has "found the sell button". However, DonAlt emphasizes that any strong breakdown below $60,000 on the back of these fears would come as a major surprise to him.

It is also worth paying attention to why DonAlt's caution deserves to be taken seriously. In the past, he did not just predict $XRP's rally, but also showed flexibility at the right time. When his maximum target of $6.9 became unrealistic due to the end of the "crime season", he publicly abandoned that forecast to preserve capital.

Today, his position on $BTC reflects the same pragmatism. The market is not dying, but it is not flying into space either, which means this is a time for patience, not emotional decisions.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

NASDAQ TRADE HALT <RIBBU.O> VOLATILITY TRADING PAUSE AT 12:14 PM

NASDAQ TRADE HALT VOLATILITY TRADING PAUSE AT 12:14 PM

Reuters•2026/10/08 16:14

Magna International Inc. Price Target Cut to $77.00/Share From $80.00 by TD

Ratings actions from Baystreet: http://www.baystreet.ca (END) Dow Jones Newswires October 08, 2026 11:09 ET (15:09 GMT)

Dow Jones•2026/10/08 15:09

Dow Jones Top Financial Services Headlines at 11 AM ET: Q&A: Bitcoin Funds Are Expanding. HANetf's Co-CEO Explains Why | Global ...

Q&A: Bitcoin Funds Are Expanding. HANetf's Co-CEO Explains Why Last week, London-based HANetf, an exchange-traded fund provider, launched the world's first euro-hedged bitcoin ETC-noting a shift in demand among its European client base. ---- Global Bond Turmoil Reveals the Surprising Resilience of Emerging Markets "It's very clear that EM is behaving differently than in the past, and EM is holding up better than expected." ---- U.K. Regulators Ready Green Light for $4 Billion ATM Tie-Up Between Brink's, NCR Atleos Authorities said the offer to sell off some parts of Brink's business should address concerns over the ATM operator's planned acquisition of its rival. ---- Choosing the Right Bond Strategy for Today's High-Yield World Before chasing higher rates, bond buyers have to figure out what type of investor they actually are. ---- Fed's Waller Sees Multiple Rate Increases Ahead to Cool Inflation In prepared remarks at the Istanbul Economic Forum, Christopher Waller said the economic data underscoring the need for interest-rate increases hasn't shifted much. ---- Financial Services Roundup: Market Talk Find insight on ABN Amro Bank, Standard Life and more in the latest Market Talks covering financial services. ---- Wells Fargo Faces Regulator Probe Over Efforts to Boost Black Homeownership Trump's Housing and Urban Development is seeking to crack down on race-based lending, calling it a potential violation of the Fair Housing Act. ---- Ripple, Crypto's Payments Giant, Breaks Into Wall Street The crypto firm is emerging as a serious player in financing leveraged ETFs, a lucrative business long dominated by big banks. ---- Venture Firm Behind Chip Startup Groq Targets $10 Billion Megafund Winning bets on hot AI startups are vaulting a little-known Dallas firm into a small group of firms raising gigantic funds. ---- How one trend-following fund outperformed rivals by bringing humans back into the decision-making process One trend-following fund has outperformed rivals this year by deciding to take profits. ---- Wal

Dow Jones•2026/10/08 15:00