Bitcoin could potentially collapse if it loses the key $30,000 level, according to cryptocurrency analyst DonAlt. Despite the recent rally sparked by positive developments such as Bitcoin spot exchange-traded fund (ETF) applications and a significant ruling related to XRP, DonAlt warns that the impact of these events may quickly fade.
He believes that if Bitcoin loses both the news impact and the $30,000 psychological level, it could collapse, potentially going down 10%, 20%, or 30% almost immediately. DonAlt also expressed the belief that altcoins might retain some momentum, even in the event of a gradual decline over the next few days.
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