Renowned crypto analyst DonAlt believes that Bitcoin (BTC) is currently at a critical juncture, describing it as a “do-or-die” level. He also shares his insights on altcoins Solana (SOL) and dogwifhat (WIF).

In a recent strategy update for his 562,700 followers on X, DonAlt highlights that Bitcoin’s weekly chart is at a crucial point where it could go in either direction.

“We are at a do-or-die weekly level here. I have reservations about retesting the $60,000 range low. This untested support level seems more promising. If it breaks, we could see a move towards the next support, but if it holds, new all-time highs are on the horizon.”

DonAlt notes that Bitcoin has been trading in a specific range for over 100 days, and a breakout could lead to a significant trend shift.

“After over 100 days of range-bound trading, Bitcoin seems poised for a breakout. I anticipate that this breakout will set a new trend and could be sustained for as long as we have been ranging. Exciting times ahead for major trades.”

At the time of writing, Bitcoin is priced at $63,670, marking a 1% decline for the day.

Turning to Solana, DonAlt expresses surprise at the significant drop in price for the Ethereum (ETH) competitor despite Bitcoin’s sideways movement.

“Solana has been steadily declining over the past few weeks. It’s down 37% against USD from its peak, which is unexpected given Bitcoin’s stable movement.”

Solana is currently trading at $130.95, showing a 2.5% decrease for the day.

Lastly, DonAlt comments on the meme coin dogwifhat, noting its sharp price decline and the emotional reactions of WIF holders to minor price movements.

“I’m not shorting WIF right now, but the price just doesn’t look promising. While some holders are celebrating a small daily green candle, the overall trend is negative. It’s amusing to see such emotional reactions to price fluctuations.”

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

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