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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.
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.
Dan Burgin
