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BitcoinSistemi 2025-01-07 21:50:06

Experienced Analyst Shares Predictions on What Will Happen Next in Bitcoin Price

Experienced Analyst Shares Predictions on What Will Happen Next in 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. Related News: Is This Why Bitcoin Price Can't Break a New Record? Analytics Company Explains the Cause of Price Pressure 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. Continue Reading: Experienced Analyst Shares Predictions on What Will Happen Next in Bitcoin Price

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