Crypto analyst Ali Martinez, in his statement, addressed the situation of Bitcoin and certain major altcoins following the recent dumps.
Initially starting with Bitcoin, Martinez stated that if the BTC price remains above 74,500 dollars and then surpasses 82,000 dollars, the next move could be towards 88,000 dollars.
However, he added that if the structure formed in the technical analysis he shared is indeed a channel formation for Bitcoin, it is essential for BTC to reclaim 80,000 dollars in order to potentially experience a relief rally towards 91,000 dollars; otherwise, it could face a sudden get dumped.
Speaking about Ethereum, Martinez stated that 1,200 dollars could be the point where the ETH price finds a bottom. At the time of writing this article, the ETH price is trading at 1,466 dollars.
Regarding Dogecoin, the analyst stated that the DOGE price has adhered to an upward trend line since October 2023 and that this line has now converged with the 61.8% Fibonacci retracement level, which is at the point of 0.13 dollars. According to Martinez, this point could serve as a critical support.
Finally, speaking about Solana, Martinez claimed that the TD Sequential metric on the weekly chart indicates that if the SOL price stays above 95 dollars and surpasses 121 dollars, it could experience a rally towards 147 dollars.
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Experienced Analyst Reveals What to Expect from Bitcoin, Ethereum, Dogecoin, and Solana, as well as Critical Levels!
Crypto analyst Ali Martinez, in his statement, addressed the situation of Bitcoin and certain major altcoins following the recent dumps.
Initially starting with Bitcoin, Martinez stated that if the BTC price remains above 74,500 dollars and then surpasses 82,000 dollars, the next move could be towards 88,000 dollars.
However, he added that if the structure formed in the technical analysis he shared is indeed a channel formation for Bitcoin, it is essential for BTC to reclaim 80,000 dollars in order to potentially experience a relief rally towards 91,000 dollars; otherwise, it could face a sudden get dumped.
Speaking about Ethereum, Martinez stated that 1,200 dollars could be the point where the ETH price finds a bottom. At the time of writing this article, the ETH price is trading at 1,466 dollars.
Regarding Dogecoin, the analyst stated that the DOGE price has adhered to an upward trend line since October 2023 and that this line has now converged with the 61.8% Fibonacci retracement level, which is at the point of 0.13 dollars. According to Martinez, this point could serve as a critical support.
Finally, speaking about Solana, Martinez claimed that the TD Sequential metric on the weekly chart indicates that if the SOL price stays above 95 dollars and surpasses 121 dollars, it could experience a rally towards 147 dollars.