Ali Martinez, a well-known figure in the cryptocurrency industry, has recently provided an analysis on the price trends of Bitcoin and several altcoins. According to Martinez, Bitcoin has historically experienced price surges in December, following the US elections. In the last two cycles, these increases amounted to 30% and 46%, respectively. Martinez predicts that if history repeats itself, the price of BTC could reach anywhere between $125,000 and $140,000 by the end of the year.
Moving on to Ethereum (ETH), Martinez noted that after a recent rally, whale wallets have accumulated a total of 280,000 ETH in the past four days, equivalent to around $1 billion.
Furthermore, Martinez discussed Worldcoin (WLD), an altcoin that has gained attention in recent days. Although WLD may continue to rise, it has already reached the target of a “head-shoulders-head formation,” indicating that some negative trends may now emerge. Martinez had previously set a price target of $4 for WLD, but at the time of writing this article, WLD is trading at $3.59.
*This analysis should not be considered as investment advice.