Analyst Ali Martinez, one of the well-known names in the cryptocurrency world, evaluated Bitcoin and Ethereum in his latest statement.
Martinez, who first shared a post about Ethereum, stated that his medium-term target for the ETH price is $6,000, and his long-term target is $10,000.
On the other hand, the analyst who made a statement about Bitcoin reminded that Thanksgiving is celebrated in the USA today and made an extraordinary prediction. According to the analyst, people who gather with their families today can cause a rally by talking about Bitcoin and can push the BTC price to $ 99,000. Martinez claimed that technical data also supports this.
At the time of writing, Bitcoin is trading at $95,194.
On the other hand, the analyst stated that he might be wrong about this issue and that he used the stop-loss mechanism as a precaution.
On the downside, Martinez noted that $93,580 was a significant demand area, with 667,000 BTC purchased at this level. According to the analyst, the price should remain above this level to prevent these whales from selling.
*This is not investment advice.
