DonAlt Sees Another Bitcoin Price Increase on the Horizon

Bitcoin's recent price action has caught the attention of prominent crypto trader DonAlt, who believes that the largest cryptocurrency is preparing for another leg up. In a post on X, DonAlt stated, 'Looks like we're gonna get another leg up soon.'

This optimistic view comes as Bitcoin heads into September after an unusually strong August and a powerful third-quarter recovery. The asset has risen sharply from around $64,700 to consolidate near $78,000 after briefly approaching the $81,000 region.

Despite experiencing a nearly 6% intraday decline following Federal Reserve governor Kevin Warsh's hawkish tone, Bitcoin held strong at around $77,100. This stability suggests that buyers remain active below the $78,000 level.