Prominent Analyst Evaluates Bitcoin, Dogecoin and Solana Price! Here’s What He Said

Cryptocurrency Analyst's Evaluation of Bitcoin, Dogecoin, and Solana

Cryptocurrency analyst Ali Martinez recently released an evaluation of Bitcoin, Dogecoin, and Solana.

Bitcoin

Regarding Bitcoin, Martinez observes that market peaks have historically coincided with significant realized profits. In December alone, over $3 billion in profits were realized, raising concerns about a potential market peak.

Additionally, Martinez highlights selling pressure from BTC miners. In mid-January, miners liquidated approximately 20,000 BTC, valued at $2 billion.

Martinez also identifies a decline in long-term wallets holding BTC, with a reduction of 75,000 BTC over the past week.

Based on these factors, Martinez believes Bitcoin's price should remain above $91,700. However, a drop below this level could lead to a further decline to $74,000.

Dogecoin

Martinez suggests that Dogecoin may be targeting $0.36 after breaking out of a symmetrical triangle formation.

Solana

For Solana, Martinez notes a consolidation in price within a range. In the event of a drop below $242.5, he anticipates a potential decline to $232.

Disclaimer: This information is not intended as investment advice.