Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) are retreating from their recent highs, but experienced trader DonAlt says the first pullback after the explosive rally has yet to invalidate the bullish market structure.
Why Crypto Can Go "Sideways/Up"
“Nothing’s really changed,” DonAlt said in a podcast on Aug. 29, noting that BTC’s weekly chart has barely deteriorated following one of its strongest recent upside impulses.
He argued that traders calling for an immediate return toward $70,000 to $72,000 may be overlooking the importance of momentum.
DonAlt expects Bitcoin to move "sideways slash up" unless reclaimed support breaks, with a deeper pullback likely leading to prolonged consolidation.
