A prominent crypto analyst believes that Bitcoin (BTC) is currently at a critical level and its future direction is uncertain. Meanwhile, the analyst also shares his thoughts on the altcoins Solana (SOL) and dogwifhat (WIF).

In a recent strategy session, crypto strategist DonAlt updates his outlook on Bitcoin for his large following on X. He states that Bitcoin’s weekly chart indicates a do-or-die situation, where it could go either way.

“At this critical weekly level, it’s a make-or-break situation. I previously expressed my dislike for the $60,000 support level being tested again. This current support level is better as it has not been tested yet. If it breaks, we can expect the next support level to be tested. However, if it holds, new all-time highs are likely.”

DonAlt further explains that Bitcoin has been trading within a specific range for over 100 days, and the impending breakout could set a new trend that lasts as long as the ranging period. He expresses excitement about trading major cryptocurrencies again.

At the time of writing, Bitcoin is trading at $63,670, experiencing a 1% decrease for the day.

Moving on to Solana, a smart contract platform, DonAlt finds it surprising that it has experienced a significant drop in value over the past few weeks, despite Bitcoin’s sideways trading.

“SOL has been steadily declining. Day after day, it’s been in the red. It has already dropped 37% against the USD from its peak. It’s quite surprising considering Bitcoin has been trading sideways.”

As of now, Solana is trading at $130.95, experiencing a 2.5% decrease for the day.

Concluding his analysis, DonAlt focuses on the memecoin dogwifhat, noting that it has seen a sharp decline in price and simply “looks like shit.” He also criticizes WIF holders for being overly emotional about the altcoin’s price, even taunting him over a small daily green candle.

“I’m not even shorting WIF right now, so you can’t blame me. It just doesn’t look good. Call me biased if you want, but when it’s down, it’s down. WIF holders are flooding my mentions, taunting me about this small daily green candle. I must say, I enjoy this new dynamic. It makes Twitter quite entertaining. I’ve never seen market participants so emotionally charged about simple price movements.”

At the time of writing, WIF is trading at $1.84, experiencing an 8.5% decrease for the day.

Please note that the opinions expressed in this article are not investment advice, and investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets.