Bitcoin Price Forecast Analyst Explains Conditions for BTC to Surpass 66000 Once More

The cryptocurrency analyst Ali Martinez has shared his predictions about the future performance of Bitcoin. According to Martinez, BTC is currently forming a bottom and could potentially climb to $66,000 with a 6% upside if it manages to make a candle close above $62,200. However, Martinez also noted that approximately 72% of all accounts on Binance are in a long position. He uses RSI data to make moves in the BTC price and find bottoms. At the time of writing this article, the BTC price remains suppressed, currently traded at $61,545, and has lost approximately 5% of its value in the last week. Allegations that the German government was selling BTC and the US government’s start to move previously confiscated Bitcoins were also effective in the loss of value. However, the BTC price has experienced a relative recovery in the last day and has increased by 1.36%. Please note that this is not investment advice.