Bitcoin's bullish outlook persists, according to the trader, but grave concern would arise if the bitcoin support level were to perish dramatically.
In the world of cryptocurrency, Bitcoin continues to dominate headlines as it maintains a strong momentum. As of late July 2025, the current Bitcoin price stands at $118,090, marking an approximately 13% increase over the past 30 days[1].
The pseudonymous trader DonAlt, who currently holds a bullish outlook on Bitcoin, describes the current price action as “still hilariously bullish”[1]. He views recent sideways price action as a healthy consolidation rather than a bearish reversal and emphasizes that the overall weekly trend remains intact unless certain key levels are broken[1][2].
However, DonAlt identifies potential risks to this bullish momentum, primarily highlighting a critical support level at $108,000. He states that losing this support would be the first significant warning sign indicating a possible shift in trend. A drop below $108,000 would represent about a 9% decline from current levels and could trigger a more pronounced downside move or a change in market structure[1]. Additionally, he sets a more distant "invalidation" level at $95,000, where he would become more seriously concerned about a bearish shift[2].
Apart from price levels, DonAlt also warns of longer-term risks stemming from the broader market environment. He notes the speculative excess around Bitcoin treasury strategies by many companies and draws parallels to past boom-bust cycles. This could ultimately lead to a "horrendous bear market," driven by unsustainable economic models and demographic challenges, though this would be after the current bullish cycle[2].
Meanwhile, other cryptocurrencies are also making headlines. Ethereum price is currently $3,719.54, up by 9.1% over the past 30 days[1]. Remittix presale raises $17M after revealing the next-gen Web3 wallet beta launch date[3]. BioSig Technologies and Streamex pioneer real-world asset tokenization in the U.S. market[4]. Zircuit launches an AI trading engine for lightning-fast, cross-chain trading[5]. Pepeto announces a $5.5M presale and demo trading platform[6].
In the world of blockchain gaming, MVB Season 10 cohort is announced[7], and Valhalla announces $75K in rewards for its first-ever tournament[8]. G Coin surpasses one million daily on-chain transactions[9]. A trader predicts Dogecoin could rally by 76% due to a bullish pattern[10]. A Bitcoin miner backed by Peter Thiel now holds $1,000,000,000 worth of Ethereum[11].
Analytics platform suggests Bitcoin is in an early-stage bullish setup[12]. The weakening of the US Dollar is considered good news for Bitcoin at this stage of the cycle, according to analyst Jason Pizzino[13].
In summary, the cryptocurrency market continues to evolve, with Bitcoin maintaining a strong bullish outlook despite recent minor corrections. Investors are advised to stay vigilant, focusing on key support levels and the overall trend.
References: 1. Bitcoin price today 2. DonAlt's analysis 3. Remittix presale success 4. BioSig Technologies and Streamex 5. Zircuit AI trading engine 6. Pepeto presale announcement 7. MVB Season 10 cohort 8. Valhalla tournament rewards 9. G Coin daily transactions 10. Dogecoin rally prediction 11. Bitcoin miner Ethereum holdings 12. Bitcoin bullish setup 13. Weak US Dollar good for Bitcoin
- Investors should keep an eye on the critical support level at $108,000 for Bitcoin, as a drop below this level could signal a possible shift in trend, according to the pseudonymous trader DonAlt.
- Meanwhile, other crytocurrencies like Ethereum, Remittix, BioSig Technologies, Zircuit, Pepeto, and even Dogecoin are also making headlines in the world of finance, representing a diverse and dynamic investment landscape within the cryptocurrency market.
