Influential crypto traders Trader Mayne and DonAlt maintain a cautious, bearish-to-neutral stance on Bitcoin (CRYPTO: BTC), warning that a sharp V-shaped recovery is unlikely.
‘Slow, Grinding’ Correction Ahead
In their latest podcast, both analysts said they expect a prolonged, choppy correction rather than an immediate rebound.
Broader macro risks, particularly potential weakness in equities, could add further downside pressure.
Trader Mayne says the S&P 500 may be forming a topping structure similar to prior market peaks.
He warned that a 15%–20% stock market correction could trigger another significant crypto sell-off.
Mayne does not expect a confirmed bottom until later in the year and sees the $50,000–$60,000 region as a key reclaim zone.
He added that gold and silver remain strong, which he interprets as a signal of broader economic fragility.
DonAlt acknowledged Bitcoin’s bounce from the $60,000 monthly support but said he is unconvinced the bottom is in.
He is not interested in buying within the current $63,000–$69,000 range and would prefer a deeper pullback toward $40,000–$46,000, levels he considers “stupidly cheap.”
He also cited geopolitical tensions and U.S. political uncertainty as factors contributing to the market’s cautious tone.
Critical Levels To Watch
Both traders emphasize patience and capital preservation.
- A weekly close below $67,000 could send Bitcoin back toward range lows.
- A reclaim of $71,500 may open the door for a short-term relief rally.
Until clearer structural signals emerge, they suggest remaining largely on the sidelines.
While most assets appear weak, DonAlt noted that Hyperliquid (CRYPTO: HYPE) and Bitcoin Cash (CRYPTO: BCH) are showing relative strength — though he remains cautious on the broader market.
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