Famous cryptocurrency analyst Ali Martinez evaluated the price of Bitcoin in his statement.
According to the analyst, the most important support point for Bitcoin at the moment is the $ 68,500 level, and if BTC can maintain this level, the upward movement may begin.
At the time of writing this article, BTC price is trading at $ 71,056 and has gained 1.23% in the last 24 hours.
On the other hand, the analyst also mentioned a situation on the Bitcoin chart that he sees as alarming. According to the analyst, the TD Sequential indicator on the BTC hourly chart may be giving a bearish signal.
A few hours ago, economist Timothy Peterson said that Bitcoin is expected to break its all-time high within the next 60 days. However, the all-time high for BTC was recorded as $ 73,750.
At the beginning of 2024, the BTC price was traded at approximately 42 thousand dollars. Especially after the approval of Bitcoin Spot ETFs, BTC price took off and broke a new record.
*This is not investment advice.