Bitcoin While it continued its volatile movements before the ETF decision, it reached the $ 45,500 level within minutes. Afterwards, it rose above $46,000 again.
While these volatile movements were an expected situation before the ETF decision, popular analysts Bitcoin price prediction came from Ali Martinez.
At this point, the analyst is supported by 2.48 million addresses receiving more than 1.12 million BTC. He said $42,000 is solid support for Bitcoin.
BTC Pointing out that the next resistance for is $48,000, the analyst said that if the resistance at $48,000 is passed, He argued that Bitcoin could rise to $55,000.
“Bitcoin has formed a solid support zone at $42,000, supported by 2.48 million addresses that have purchased more than 1.12 million BTC.
If Bitcoin can successfully surpass the $48,000 resistance, on-chain data suggests that BTC’s upward path is clear.
“With no major buy zone in sight, BTC could rise to $55,000.”
#Bitcoin has established a solid support zone at $42,000, backed by 2.48 million addresses holding over 1.12 million $BTC.
if #Bitcoin can successfully breach the $48,000 resistance, on-chain data suggests a clear path ahead. With no major supply zones in sight, #BTC could be… pic.twitter.com/xfNHbg3gyy
— Ali (@ali_charts) January 9, 2024
“Solana Creates a Bull Flag!”
Apart from BTC, the analyst also draws attention with its rise in 2023. Solana also examined it. LEFTStating that it shows signs of forming a bull flag, the analyst said that $ 110 is the critical level for Solana.
A close above $110 could start the rise in Solana towards $163.
“On the hourly chart, the Solana bull flag is showing signs of formation.
A clear close above the $110 resistance level could be the catalyst for a significant upside move!
“If this pattern continues, we could see SOL heading towards an ambitious target of $163.”
Solana continues to trade at $100 at the time of writing.
On the hourly chart, #totheleft is showing signs of forming a bull flag. A decisive close above the $110 resistance level could be the catalyst for a significant upward move!
If this pattern holds, we might see $LEFT heading toward an ambitious target of $163. pic.twitter.com/dHNDnb9uNK
— Ali (@ali_charts) January 9, 2024
*This is not investment advice.
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