{"id":328663,"date":"2024-06-22T02:47:29","date_gmt":"2024-06-21T21:17:29","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=328663"},"modified":"2024-06-22T02:47:29","modified_gmt":"2024-06-21T21:17:29","slug":"top-trader-says-bitcoin-btc-at-do-or-die-level-updates-outlook-on-solana-sol-and-dogwifhat-wif-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/top-trader-says-bitcoin-btc-at-do-or-die-level-updates-outlook-on-solana-sol-and-dogwifhat-wif-crypto-news\/","title":{"rendered":"Top Trader Says Bitcoin (BTC) at \u2018Do-or-Die\u2019 Level, Updates Outlook on Solana (SOL) and dogwifhat (WIF) &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>A widely followed crypto analyst says that Bitcoin (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/Bitcoin\">BTC<\/a>) is currently sitting at a \u201cdo-or-die\u201d level while updating his outlook on altcoins Solana (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/Solana\">SOL<\/a>) and dogwifhat (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/wif\">WIF<\/a>).<\/p>\n<p>In a new strategy session, crypto strategist DonAlt <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/CryptoDonAlt\/status\/1804135937208717800\">tells<\/a> his 562,700 followers on the social media platform X that the crypto king\u2019s weekly chart indicates it could go either way.<\/p>\n<p><em>\u201cAt a do-or-die weekly level here. As I stated before I really don\u2019t like the $60,000 range low for another test. This one is better, untested support. <\/em><\/p>\n<p><em>If it breaks I think we\u2019ll go to the next support indicated, if it holds new ATHs (all-time highs) are likely.\u201d<\/em><\/p>\n<figure id=\"attachment_190710\" aria-describedby=\"caption-attachment-190710\" style=\"width: 1063px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-190710\" class=\"wp-caption-text\">Source: DonAlt\/X<\/figcaption><\/figure>\n<p>According to DonAlt, BTC is coming out of 100 days of trading within a specific range and were it to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/CryptoDonAlt\/status\/1803868390051774860\">breakout<\/a>\u00a0it would maintain itself for as long as it has been ranging.<\/p>\n<p><em>\u201c100+ days of range on BTC coming to an end soon. <\/em><\/p>\n<p><em>I\u2019m guessing the breakout that\u2019s about to happen is gonna be trend-forming and will at least be maintained for as long as we\u2019ve been ranging. Gonna be fun to trade majors again.\u201d<\/em><\/p>\n<p>Bitcoin is trading for $63,670 at time of writing, a 1% decrease on the day.<\/p>\n<p>Moving on to smart contract platform Solana, DonAlt says it\u2019s surprising that the Ethereum (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/ethereum\">ETH<\/a>) rival has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/CryptoDonAlt\/status\/1803946361483858413\">dropped<\/a> so much over the last few weeks despite BTC trading sideways.<\/p>\n<p><em>\u201cSOL has been rugging in slow motion. Just day after day after day red. Already down 37% against USD from the top. Kind of wild to see given BTC has just been going sideways.\u201d<\/em><\/p>\n<figure id=\"attachment_190710\" aria-describedby=\"caption-attachment-190710\" style=\"width: 1063px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GQjnarYWsAAQAIe?format=jpg&amp;name=4096x4096\" alt=\"GIjBRxAXAAE-jGP\" width=\"1063\" height=\"499\" \/><figcaption id=\"caption-attachment-190710\" class=\"wp-caption-text\">Source: DonAlt\/X<\/figcaption><\/figure>\n<p>Solana is trading for $130.95 at time of writing, a 2.5% decrease on the day.<\/p>\n<p>Concluding his analysis with memecoin dogwifhat, the trader <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/CryptoDonAlt\/status\/1804062694691024914\">notes<\/a> it \u201cjust looks like shit\u201d after it saw a sharp decline in price. DonAlt also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/CryptoDonAlt\/status\/1803282818048397418\">calls out<\/a> WIF holders for being over-emotional about the price of the altcoin, going as far as taunting him over a small daily green candle.<\/p>\n<p><em>\u201cI\u2019m not even [shorting] WIF right now, so you can\u2019t pin this on me, it just looks shit. Call me biased however much you want, down means down. <\/em><\/p>\n<p><em>WIF holders all over my mentions taunting me for this current green daily candle. Can\u2019t say I hate this new dynamic, makes Twitter quite entertaining. Never have I seen market participants this emotionally charged about simple up\/down moves.\u201d<\/em><\/p>\n<figure id=\"attachment_190710\" aria-describedby=\"caption-attachment-190710\" style=\"width: 1063px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/pbs.twimg.com\/media\/GQaKUeCWcAEm_cG?format=jpg&amp;name=4096x4096\" alt=\"GIjBRxAXAAE-jGP\" width=\"1063\" height=\"499\" \/><figcaption id=\"caption-attachment-190710\" class=\"wp-caption-text\">Source: DonAlt\/X<\/figcaption><\/figure>\n<p>WIF is trading for $1.84 at time of writing, an 8.5% decrease on the day.<\/p>\n<p><em><span style=\"font-size: 13pt\">Don&#8217;t Miss a Beat \u2013 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\">Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Check <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/crypto-markets\/\">Price Action<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Follow us on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheDailyHodl\">X<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/thedailyhodl\/\">Facebook<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/thedailyhodl\">Telegram<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Surf <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<p>&amp;nbsp<br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"\" src=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2018\/06\/Get-Alerts-728x90.png\" width=\"800\" height=\"99\" \/><\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><span style=\"font-size: 10pt\"><em>Featured Image: Shutterstock\/Phonlamai Photo\/Sol Invictus<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A widely followed crypto analyst says that Bitcoin (BTC) is currently sitting at a \u201cdo-or-die\u201d level while updating his outlook on altcoins Solana (SOL) and dogwifhat (WIF). In a new strategy session, crypto strategist DonAlt tells his 562,700 followers on the social media platform X that the crypto king\u2019s weekly chart indicates it could go [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":328665,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-328663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/328663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=328663"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/328663\/revisions"}],"predecessor-version":[{"id":328667,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/328663\/revisions\/328667"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/328665"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=328663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=328663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=328663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}