Ali Martinez, one of the most well-known analysts in the cryptocurrency world, shared his predictions on the price movement of Bitcoin in the coming period.
According to Martinez, the price of BTC is currently bottoming out and could rise to $66,000 with a potential upside of 6% if it manages to close a candle above $62,200.
However, in his recent statement, the analyst said that around 72% of all accounts on Binance have a long position.
Additionally, Martinez announced that he is using RSI data to make moves in the BTC price and find lows.
On the other hand, at the time of writing this article, the price of BTC remains suppressed. The world’s largest cryptocurrency is currently trading at $61,545 and has lost around 5% of its value over the past week. Allegations that the German government was selling BTC and the US government’s start to move previously confiscated Bitcoin were also effective in the loss of value.
However, BTC price saw a relative recovery over the past day and increased by 1.36%.
*This is not investment advice.
