Renowned crypto analyst DonAlt has issued a warning of a potential 15% correction in Bitcoin's price, which could lead to market instability and panic. According to DonAlt, if Bitcoin closes below the critical threshold of $61,000, it may trigger a selling frenzy that could push the price down to $50,000.

DonAlt emphasized that the $61,000 support level is crucial, and failing to regain it could lead to further declines, potentially even below $52,000. He noted that many investors are closely watching this level, and a failed recovery attempt could lead to a series of sales, resulting in a larger market collapse.

The analyst cautioned against complacency and highlighted the importance of risk management strategies in volatile market conditions. Despite Bitcoin's current price hovering around $63,000, DonAlt's analysis suggests a cautious approach due to increased selling pressure and the potential for a significant correction in the short term.

In summary, Bitcoin is facing a critical juncture, and its price movements in the coming days will be closely watched by investors and analysts alike. A failure to regain the $61,000 support level could lead to a sharp decline, while a successful recovery could indicate a return to stability in the market.