Ali Martinez, one of the renowned analysts in the cryptocurrency sphere, provided insights on Bitcoin and altcoins in a recent statement.
Bitcoin (BTC)
Martinez highlighted that the immediate and crucial resistance levels for BTC are $97,000 and $99,500. These levels coincide with the accumulation zones for 1.26 million addresses holding a combined 1.22 million BTC. Breaking above these levels could mark a significant turning point. Currently, BTC trades around $94,636.
Solana (SOL)
Martinez observed that SOL is consolidating within a symmetrical triangle pattern. A breakout above $214 or below $183 could trigger a 40% move in either direction. At the time of writing, SOL is valued at $189.
Dogecoin (DOGE)
Martinez suggested that DOGE is positioned to break out of a bearish flag pattern. According to his analysis, the potential price target is $0.27. Currently, DOGE trades at $0.33.
Disclaimer: This analysis is for informational purposes only and should not be construed as investment advice.