Bitcoin's (CRYPTO: BTC) latest recovery attempt has stalled after rejection at a key weekly resistance level, increasing the risk of further downside, according to prominent pseudonymous analyst DonAlt.
Bitcoin's ‘Greenland' Dip
DonAlt said in an update on YouTube that markets have shifted away from clean, technically driven setups toward a headline-driven environment, citing geopolitical uncertainty linked to recent rhetoric from the Trump administration regarding Greenland.
As a result, Bitcoin is trading in what he described as a choppy "no man's land," where higher-timeframe structures remain technically intact, but momentum has been disrupted by news flow.
He attributed the recent dip directly to political headlines, stating that markets are "completely trading news right now."
While DonAlt expects the Greenland rhetoric to be walked back as part of negotiation tactics, potentially triggering a short-term bounce, he warned that broader damage to U.S. credibility and alliances could act as a longer-term headwind for both equities and Bitcoin.
Technicals Point To Failed Bullish Setup
From a technical perspective, DonAlt said the bullish reversal he was monitoring last week has failed. Bitcoin closed the week below a critical resistance zone, invalidating the setup and reinforcing a short-term bearish bias.
Given the headline-driven volatility, DonAlt said he remains sidelined and is not interested in "catching knives." He added that he would only turn constructive again if Bitcoin decisively reclaims the $103,000–$104,000 range, preferring confirmation over bottom-fishing.
DonAlt said most altcoin charts appear structurally weak –
- Ethereum (CRYPTO: ETH): Described as "boring but strong," holding structure better than peers despite remaining range bound.
- Solana (CRYPTO: SOL): Viewed as vulnerable after repeated tests of support, increasing the risk of a breakdown.
- Litecoin (CRYPTO: LTC): Has lost its long-standing diagonal trendline, signaling an end to relative strength.
- Bitcoin Cash (CRYPTO: BCH): Seen as a contrarian play due to brand recognition and limited exposure to institutional narratives.
DonAlt characterized the current environment as a high-risk "boredom phase," dominated by geopolitical uncertainty and unclear trading edges.
With markets stuck in a wide, directionless range that could break either way, he said patience remains the most prudent strategy.
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