CandleFocus Prominent Analyst Reveals the Region Where Bitcoin’s Fate Lies: “If This Level Is Exceeded, A Rise Will Come, If Not, A Decline Will Come”
2024-09-14
Author: Content Editor
Cryptocurrency analyst Ali Martinez believes that Bitcoin (BTC) is at a crucial point in its price movement. The current resistance zone is being closely watched, with 1.52 million large investors having purchased 770,000 BTC at a price range of $59,885 to $61,625. If this zone is broken, the next target level could be $64,300, but if it holds, BTC could drop to $57,235. In the past week, $2.6 million has exited Bitcoin and Ethereum, and several large BTC wallets have sold or transferred their assets. The declining trading volume suggests that the price trend has not yet reversed.
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