A pseudonymous trader and analyst is outlining a key support level that could change his bullish thesis for Bitcoin (BTC).

The trader and analyst pseudonymously known as DonAlt tells 67,000 subscribers of the TechnicalRoundup YouTube channel that Bitcoin is “still hilariously bullish.”

DonAlt, however, says that the bullish case for Bitcoin could be invalidated if the crypto king falls by around 9% from the current level.

“You just don’t want to necessarily lose $108,000. I think that’s like the first warning sign that something is wrong…

But I’m not too worried just yet. I will be very, very worried if we lose this breakout [$108,000]. And then I’ll I’ll see if I change my positioning. But until then, you can barely see this pullback. It’s not even a pullback on the weekly time frame. There’s literally just like a consolidation.”

According to the pseudonymous trader, one of the risk factors that Bitcoin faces comes from corporations purchasing the crypto king for the purpose of adding BTC to their treasuries.

“If they’re done and they cannot buy anymore, that would be the end of the Ponzi, which would not be great, right. Because then I think that would basically nuke us. So that’s the risk.

I think it’s a real risk and it’s never been riskier in that regard. It’s just basically the reward that you get if you’re right and bullish, kind of equals that out. But it is, don’t get me wrong, like I think it’s a dangerous spot that we’re in. It gets harder and harder to hold, basically.”

Bitcoin is trading at $118,090 at time of writing, up by around 13% over the past 30 days.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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As demand for Bitcoin outstrips supply, and confidence in bonds is in steep decline, Bitcoin and related coins like BTC Bull Token ($BTCBULL) go from strength to strength.

According to the US Debt Clock, the US is looking at a national burden of over $36.8T, which translates to $107,745 per citizen in 2025.

This, while US consumer confidence is at a 13-year low, falling by 7.9 points in April 2025, based on a report by The Conference Board. 

According to Stephanie Guichard, Senior Economist at The Conference Board:

‘High financial market volatility in April pushed consumers’ views about the stock market deeper into negative territory, with 48.5% expecting stock prices to decline over the next 12 months.’

Making matters worse, overseas investors have started to flee the chaotic US markets and seek refuge in Japan’s equities and long-term bonds. The migration translated to over $56.6B changing markets in April alone. .

The result? Stock market low, bond yields high, Bitcoin price even higher.

Why an Apocalyptic Bond Landscape is Good News for Bitcoin

Bitcoin is pushing to $110K at the time of writing, marking a clear shift in the financial paradigm.

Rising US bond yields, stalling global growth, and concerns about financial instability and inflation are leading many investors to pivot to crypto and Bitcoin as a hedge.

Indeed, Bitcoin is known to thrive in rough financial waters, and today, this is buoyed by institutional investors racing to stack $BTC at an unprecedented rate.

Based on the latest data, global companies and ETFs now control more than 15% of the total supply of Bitcoin, or 3.23M tokens.

Of these, Michael Saylor’s Strategy dominates the news with its frequent Bitcoin buys. Today, Strategy owns 576,230 $BTC, worth roughly $63B at the current price.

But it’s not alone. A quick peek at CoinGecko’s chart shows a growing leaderboard with 34 major public companies all engaged in a FOMO-driven Bitcoin race.

Strategy Creates a Supply Problem

The situation is so surreal that Strategy’s Bitcoin stacking alone supersedes the total global mining output by a rate of almost 4:1.

In other words, Saylor’s demand of 2,000 bitcoins per day is outstripping the 450 bitcoins per day supply coming from BTC miners.

UXTO’s Guillaume Girard reiterates this problem in his ‘Forecasting Institutional Flows to Bitcoin in 2025/2026,’ stating that:

‘We’re entering a new era of Bitcoin adoption—one that is not driven by hype cycles, but by balance sheet fundamentals, sovereign strategy, and long-term fiduciary mandates. […] More than $400 billion in institutional capital will flow into Bitcoin by the end of 2026.’

As Bitcoin is increasingly seen as a safe haven or strategic asset, some of the best altcoins will surely follow closely. One contender is BTC Bull Token ($BTCBULL), a top new meme coin that’s strapping itself to Bitcoin for the long haul.

BTC Bull Token ($BTCBULL) – Investors Get Free $BTC Airdrops

BTC Bull Token ($BTCBULL) attracts investors with free $BTC airdrops and $BTCBULL rewards as Bitcoin reaches key price points ($150K, $200K, $250K) for the first time.

It’s earned a reputation as one of the best presales today thanks to its FOMO-driven ecosystem, promise of generous rewards, and close association with Bitcoin.

The project is based on the idea that Bitcoin is unstoppable and will reach and even surpass the $1M price evaluation.

Based on that, the team is using Bitcoin’s reputation and potential as a launching pad for $BTCBULL, hoping to rally both Bitcoin maximalists and meme coin mavens around the project.

$BTCBULL is an unapologetic meme coin that’s managed to accumulate over $6,3M in its presale since its start on February 10, 2025. The token price currently stands at $0.00253, a low presale price that looks set to see exponential growth post-launch.

If you’re curious to learn more, check out our ‘how to buy $BTCBULL’ guide for more details and to simplify the purchasing process.

Just note that you need to hold your $BTCBULL in Best Wallet to qualify for the upcoming $BTC airdrops.

Is Bitcoin’s Real Bull Run Just Starting?

When considering the state of the traditional markets, it’s no wonder investors are migrating to Bitcoin and crypto in general.

Bitcoin’s biggest bull run lies ahead, while a meme coin like BTC Bull Token ($BTCBULL) can multiply your BTC gains and help you ride the next run all the way to the bank.

Remember: This is not financial advice. DYOR (Do Your Own Research), have robust risk-management strategies in place, and invest on your own terms.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

A chart pattern suggests the smart contract platform Solana (SOL) could plunge by more than 50% if it loses a critical support level, according to a popular crypto trader.

Ali Martinez tells his 128,800 followers on the social media platform X that the Ethereum (ETH) rival appears to be forming a right-angled ascending broadening pattern.

Right-angled ascending broadening wedges consist of a lower trendline indicating higher lows and a steeper upper trendline that is almost parallel, according to the stockbroking firm Enrich Money. Traders tend to interpret them as bearish reversal signals that suggest an asset’s bullishness is losing momentum.

Martinez says if SOL breaks below $130 it “could open the door for a drop to $65.”

With Solana trading at $135.10 at time of writing, a drop to $65 would represent a nearly 52% plunge. SOL is already down more than 9% in the past 24 hours.

Martinez notes that Solana investors “appear to be in a state of ‘fear’.”

The trader says chart patterns suggest SOL could also lose value against Bitcoin (BTC).

“Solana against Bitcoin is starting to resemble Ethereum past price action against BTC. If this pattern holds, SOL could drop to 0.0008 satoshis!”

Martinez notes that Solana’s network activity and transfer volume have both plummeted.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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