Big Prediction from Influential Analyst: “If Bitcoin Manages To Maintain This Level, A Rise To $ 71,000 May Come”

In his latest statement, well-known cryptocurrency analyst Ali Martinez identified a critically important level for Bitcoin and presented a general analysis.

According to the analyst, the realized price of short-term investors in Bitcoin is at $ 59,800. The analyst also argues that historically speaking, BTC price has a tendency to bounce from this level during uptrends. However, Martinez also warns that if this level is lost, the BTC price may experience serious corrections historically.

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On the other hand, the analyst also stated that the $61,900 level consistently constitutes a critical support level for the Bitcoin price. According to the analyst, if this level continues to hold, the BTC price may rise again to around $ 71,000.

Adding the Ethereum price to his analysis, Martinez reminded that there is a strong resistance at the $ 3,200 level, and 2.43 million cryptocurrency addresses hold 5.14 million ETH at this level.

At the time of writing this article, BTC price is at $ 62,844, while Etheruem price is trading around $ 3,177 after a serious decrease of 4% in the last 24 hours.

*This is not investment advice.

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