en.bitcoinsistemi.com
In a recent statement, famous cryptocurrency analyst Ali Martinez shared his views on the future course of Bitcoin ($BTC).
Martinez emphasized that Bitcoin is currently in a critical range between two important supply areas. According to the analyst, the first zone that acts as support lies between $50,000 and $51,570. Approximately 1.3 million addresses in this region hold 670,220 $BTC.
According to the analyst, the second zone, which acts as resistance, is between $51,640 and $53,200. There are 752,600 addresses in this region holding 351,600 $BTC.
According to Martinez, these regions represent areas of significant interest for both investors and traders. If Bitcoin manages to break the resistance, Martinez predicts a rise towards $57,130. According to the analyst, this would indicate strong buying momentum and could potentially trigger a new wave of investment in $BTC.
Conversely, if the support zone fails to hold, a correction towards $47,700 could be on the horizon. This will indicate a downward trend and may lead to a sell-off.
*This is not investment advice.