Renowned Analyst Raises Alarm for Bitcoin (BTC) – Anticipates Potential Activation of Price Level Movement

Cryptocurrency analyst Ali Martinez has issued a warning about Bitcoin, stating that a bearish signal has been given by the TD Sequential indicator on the hourly chart of BTC. According to Martinez, this signal could potentially lead to a decline in price to either $68,700 or $68,050 on the four-hour chart. However, Martinez also noted that if the BTC price manages to consistently surpass the resistance level of $69,330, it may enter a bull mode. In this scenario, the BTC price could potentially break out of a symmetrical triangle and reach the $74,400 level. On the altcoin side, Martinez highlighted interesting developments in the Toncoin (TON) ecosystem, with a 237.5% increase in transactions over $100,000 in the last 24 hours. This may indicate a change in the activities of TON whales. It’s important to note that this information is not investment advice. For those interested in investing in cryptocurrencies, Binance exchange offers a 20% commission discount for registering through a specific link. Stay updated with exclusive news, analytics, and on-chain data by following our Telegram and Twitter accounts.