Veteran Analyst Reveals What to Expect and Critical Levels in Bitcoin, Ethereum, Dogecoin and Solana

Cryptocurrency analyst Ali Martinez recently offered insights into the current state of Bitcoin and several major altcoins following recent price declines.

Regarding Bitcoin, Martinez suggested that maintaining a price above $74,500, followed by a break above $82,000, could propel BTC towards $88,000. However, his technical analysis, referencing a shared chart, indicated that if the current Bitcoin structure is indeed a channel formation, reclaiming $80,000 is crucial for a potential relief rally to $91,000. Failure to do so could result in a sharp price drop.

For Ethereum, Martinez identified $1,200 as a potential bottom for ETH, which was trading at $1,466 at the time of his analysis.

Concerning Dogecoin, Martinez noted an ascending trend line since October 2023, converging with the 61.8% Fibonacci retracement level at $0.13. He highlighted this level as potentially critical support.

Finally, on Solana, Martinez pointed to the TD Sequential metric on the weekly chart. He stated that if SOL remains above $95 and surpasses $121, a rally to $147 could be expected.

*This is not investment advice.

Continue Reading: Veteran Analyst's Outlook on Bitcoin, Ethereum, Dogecoin, and Solana