Bitcoin’s (CRYPTO: BTC) latest recovery attempt has stalled after rejection at a key weekly resistance level, increasing the risk of further downside, according to prominent pseudonymous analyst DonAlt.
Bitcoin’s ‘Greenland‘ Dip
DonAlt said in an update on YouTube that markets have shifted away from clean, technically driven setups toward a headline-driven environment, citing geopolitical uncertainty linked to recent rhetoric from the Trump administration regarding Greenland.
As a result, Bitcoin is trading in what he described as a choppy “no man’s land,” where higher-timeframe structures remain technically intact, but momentum has been disrupted by news flow.
He attributed the recent dip directly to political …