Trader Says One Metric Signaling Massive Upside Potential for Bitcoin, Updates Outlook on Ethereum and Dogecoin
Cryptocurrency trader Ali Martinez is leaning bullish on Bitcoin ( BTC ) while offering his forecast for Ethereum ( ETH ) and Dogecoin ( DOGE ).
Martinez tells his 91,300 followers on the social media platform X that online searches for the keyword “Bitcoin” are in the bottom 50th percentile, suggesting low interest relative to the levels usually experienced at the height of bull markets.
“Investor sentiment remains subdued, far from euphoric—indicating Bitcoin may still have significant room to grow before reaching a market top.”

Bitcoin is trading at $97,450 at time of writing.
Next up is Ethereum. Martinez says that Ethereum could rally by around 67% from its current level over the medium term. Over the long term, the he says the top altcoin could go up by nearly 180% over the coming weeks, eclipsing its all-time high of around $4,900 reached in November of 2021.
Based on Martinez’s chart, it appears that Ethereum is in an ascending channel on the weekly time frame and the medium-term target price sits around the upper boundary of the channel. In technical analysis, an ascending channel consists of upward-sloping parallel trendlines and is an indication of a strong uptrend.

Ethereum is trading at $3,590 at time of writing.
Next up is Dogecoin. Martinez says that the flagship memecoin is at a “very critical resistance point.” The crypto analyst says that Dogecoin could plunge by up to 17% from current prices if it fails to convincingly cross above the major resistance area.
“A sustained break above $0.40 will send it to $0.43, but failing to clear the $0.40 resistance will trigger another dip to $0.36 or even $0.34!”

Dogecoin is trading at $0.41 at time of writing.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on X , Facebook and Telegram
Surf The Daily Hodl Mix
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
“Hyperliquid 50x Whale” opens 40x BTC short position, with a position value of $160 million
Code of Joker game will reappear on smartphones in a new version via Sui blockchain
Share link:In this post: The arcade Code of Joker existed from 2013 to 2019 The game will run on a platform Mysten acquired just days ago. Sui partnered with Jokers, Inc., which is obtaining more games to revive in Web3
RLUSD Can Be Frozen for Compliance, Ripple CTO Admits

BlackRock to File XRP ETF Only After SEC Lawsuit Resolution, Expert Says

Trending news
MoreCrypto prices
More








