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Bitcoin's $77K consolidation seen as a healthy reset by analyst behind 700% XRP rally forecast

Analyst Insights
29 Apr 2026
UToday
View Source
Neutral
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Analyst DonAlt, known for accurately predicting a 700% rally in XRP, views Bitcoin's current consolidation around $76,300-$77,750 as a healthy reset rather than a sign of weakness. Despite recent volatility, Bitcoin has held key support levels well, and resistance remains moderate, suggesting the market needs more time to stabilize. Institutional interest remains cautious with ongoing outflows from Bitcoin ETF funds. DonAlt advises patience, emphasizing that time is the best ally in this phase of the market cycle, especially ahead of key economic events like the FOMC meeting and GDP data releases.

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