Crypto Analyst Warns Bitcoin Could Nuke If One Critical Support Level Crumbles: ‘I Think This Is Going To Collapse’

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Benzinga

A prominent cryptocurrency analyst has predicted that Bitcoin (CRYPTO: BTC) could face a potential collapse if a particular scenario unfolds soon. What Happened: In a YouTube video on Friday, pseudonymous analyst DonAlt said that Bitcoin is looking at a decline of up to 30% if it loses the key $30,000 level. According to the analyst, Bitcoin experienced a rally following positive developments that included the submission of Bitcoin spot exchange-traded fund (ETF) applications and a significant ruling related to XRP. However, he cautioned that the impact of these events could fade, potentially …

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