Analyst, who says that the resistances in Bitcoin are weak, expects a rise in BTC!

Investors bitcoinA breakout bullish often seen in rally bear markets in ? or is it the beginning of a new bull market, we see that the price moves sideways at the level of 28,000 dollars.

While it is a question of which direction Bitcoin will go, analysts also BTCevaluated the.

Well-known crypto analyst Ali Martinez, who first noted that there is a significant buy wall in Bitcoin BTC He noted that there is a strong buy wall between $27,170 and $27,970.

Stating that Bitcoin purchases were high in this range, the analyst said that according to the intotheblock data, 1.45 million addresses bought more than 700,000 BTC.

The analyst believes that if this buy wall is maintained, that is, orders are not deleted by investors, the price of BTC will rise.

Martinez also added that there is little resistance for Bitcoin to climb higher than this level.

“The most important support wall in Bitcoin is located between $27,170 and $27,970. In this range, 1.45 million addresses bought more than 700,000 BTC.

Note that if this demand wall holds, Bitcoin faces little or no resistance to go further.”

The most significant support wall underneath #Bitcoin lies between $27,170 and $27,970, where 1.45 million addresses bought over 700,000 $BTCshows on-chain data from @intotheblock.

If this demand wall holds, notice that #BTC faces little to no resistance to advance further. pic.twitter.com/bFKH0MnjPI

— Ali (@ali_charts) March 26, 2023

Popular cryptocurrency analyst besides Ali Martinez Blunt He also commented on the price of Bitcoin.

Bitcoin’Stating that the bullish momentum has started to decrease, Bluntz said that he predicts that BTC can retest $26,000 this week.

“The momentum on Bitcoin is starting to fade, I think we can retest $26,000 earlier in the week.”

momentum on #btc starting to wane, i think we may get an early week retest of 26k pic.twitter.com/2OJKnbWIgs

— Bluntz (@Bluntz_Capital) March 27, 2023

*Not investment advice.