CandleFocus Prominent Analyst Evaluates Bitcoin, Dogecoin and Solana Price! Here’s What He Said
2025-01-31
Author: Content Editor
Cryptocurrency analyst Ali Martinez has assessed Bitcoin, Dogecoin, and Solana in a recent statement. He mentioned that historical trends show Bitcoin market peaks align with realized profits, and December alone saw over $3 billion in profits, which raises concerns of a market peak. Additionally, BTC miners sold around 20,000 BTC worth $2 billion in mid-January, adding to the selling pressure. Furthermore, Martinez noted a decrease in the amount of BTC held in long-term wallets, which decreased by 75,000 in the past week. The analyst believes that the BTC price should remain above $91,700, as it could drop below $74,000 if it falls below this level. As for Dogecoin, he stated that the DOGE price has broken out of a symmetrical triangle formation and may potentially reach $0.36. Regarding Solana, Martinez mentioned that the SOL price is consolidating within a range and warned of a possible drop to $232 if it falls below $242.5.
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