Ali Martinez, one of the well-known analysts of the cryptocurrency world, discussed the situation of Bitcoin and altcoins after the recent decline in his statement.
According to the analyst, the most serious resistance level for the Bitcoin price is currently seen at $97,000. At this level, 2.27 million wallets have accumulated a total of 1.64 million BTC. The analyst believes that if this level is broken, the BTC price could set a new all-time high price level record.
While the loss of blood continues in altcoins, the analyst also made an assessment for the Cardano price. According to Martinez, if the price level on the ADA chart closes the 12-hour time frame above $ 1.19, a rally to $ 2.20 may occur. At the moment of writing this article, the ADA price is trading at $ 0.85.
Finally, speaking about AAVE, the analyst said that the token’s price chart may be experiencing a bottom according to the TD Sequential metric, which can be seen as a bullish sign. According to the analyst, the weekly chart in AAVE potentially points to a trend reversal in favor of the bulls.
*This is not investment advice.
