Famous cryptocurrency analyst Ali Martinez made a clear warning for Bitcoin in his latest statement.
According to the analyst, the TD Sequential indicator, which tracks trend reversals, gave a bearish signal on the hourly chart of BTC. Martinez claimed that this signal could trigger a decline to $68,700 or $68,050 on the four-hour chart.
However, the analyst said that $ 69,330 stands out as a resistance on the upside, and if this level is constantly exceeded, the BTC price may enter bull mode.
According to the analyst, in the bull scenario, the BTC price seems to be breaking out of a symmetrical triangle, and exceeding the resistance level may enable the BTC price to reach the $ 74,400 level.
In addition, commenting on the altcoin side, the analyst noted that there have been some interesting developments in the Toncoin (TON) ecosystem in the last 24 hours. Martinez declared that Toncoin transactions over $100,000 increased by 237.5% in the last 24 hours. According to the analyst, this may indicate a change in the activities of TON whales.
*This is not investment advice.