Experienced Analyst Shares Predictions on What Will Happen Next in Bitcoin Price
Cryptocurrency analyst Ali Martinez spoke in his statement about what he expects from now on in the Bitcoin price.
Ali Martinez, one of the well-known analysts of the cryptocurrency world, spoke in his statement about what he expected after the decline in Bitcoin.
In a message to his followers, Martinez claimed that the TD Sequential data on Bitcoin's hourly chart started to give a bullish signal. He added that this signal was formed just above the 200-hour moving average and the trend line, around $97,000. According to the analyst, if the support level at $97,000 and around can hold, the BTC price could bounce back.
However, the analyst noted that if there is a break below $97,000, there will be a possibility of a drop to the $92,000 level.
However, the analyst, citing onchain data, said that the BTC price also has an important support zone between $ 95,400 and $ 98,400, and that 1.77 million addresses purchased 1.53 million BTC from this zone. However, he claimed that no serious resistance level was seen on the upper side, only a small resistance zone of 107,000 BTC between $ 104,700 and $ 105,770.
*This is not investment advice.
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.
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