Renowned Analyst Ali Martinez Identifies Key Level for BTC Price: “Maintaining This Level is Crucial for an Upward Trend”
In a recent assessment, well-known cryptocurrency analyst Ali Martinez discussed the current Bitcoin price outlook.
Martinez highlighted the significance of the $68,500 support level for Bitcoin, stating that if BTC can sustain this level, it may indicate the start of an upward trajectory.
As of the time of writing, the price of BTC stands at $71,056, showing a 1.23% increase in the last 24 hours.
However, Martinez also pointed out a concerning development on the Bitcoin chart, noting that the TD Sequential indicator on the hourly BTC chart could be signaling a bearish trend.
In related news, economist Timothy Peterson predicted that Bitcoin could reach a new all-time high within the next 60 days, with the previous record standing at $73,750.
At the beginning of 2024, Bitcoin was trading around $42,000. Following the approval of Bitcoin Spot ETFs, the price of BTC surged, setting a new record.
*Please note that this article does not constitute investment advice.
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