Leading cryptocurrency Bitcoin While it made a strong comeback last night and rose to $ 45,000, it also mobilized the altcoins.
BTC And in altcoins While the rise made investors happy in the short term, it brought to mind the question of whether the rise will continue.
At this point, while many analysts expressed their opinions, one analysis came from the successful analyst Ali Martinez.
Martinez, who first evaluated Bitcoin, He said he does not expect BTC to fall below the critical support level of $42,560 in the future.
The analyst thinks that the rise for BTC will continue. He stated that the main resistance levels to watch are $ 47,360 and $ 56,970.
“It would be surprising if Bitcoin continues to fall below the $42,560 support level, where 1.02 million BTC was last traded.
Conversely, the main resistance levels to watch are $47,360 and $56,970.”
With 1.02 million $BTC last transaction within the $42,560 price range, it would be surprising to see #Bitcoin sustain a drop below this critical support level in the future. Conversely, the main resistance levels to monitor are $47,360 and $56,970. pic.twitter.com/uu3jNzLhXp
— Ali (@ali_charts) February 8, 2024
“Cardano (ADA) May Rise by 32 Percent!”
Analyst examining the popular altcoin Cardano after Bitcoin, Cardano predicts a potential increase in price.
At this point, the analyst stated that ADA has formed a descending triangle formation on its daily chart, and that ADA has a continuous daily closing above $ 0.53. He claimed it could spark a 32% rally.
“Cardano is showing signs of a descending triangle formation on the daily chart.
A sustained daily close above $0.53 could spark a 32% rally and potentially push ADA as low as $0.68!”
Cardano continues to trade at $0.52 at the time of writing.
#Cardano shows signs of a descending triangle formation on its daily chart. A sustained daily close above $0.53 could lead to the start of a 32% rally, potentially pushing $ADA up to $0.68! pic.twitter.com/DoizuVPiRI
— Ali (@ali_charts) February 8, 2024
*This is not investment advice.
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