CandleFocus Prominent Analyst Says “Cup and Handle” Model Formed for Bitcoin, Gives Mind-Boggling Long-Term Target
2024-09-30
Author: Content Editor
Cryptocurrency analyst Ali Martinez predicts that Bitcoin (BTC) could reach a price target between $194,000 and $352,000 and suggests that the current price action should be ignored as BTC may be forming a Cup and Handle pattern. He also mentions that historical trends show that when BTC ends September in the green zone, it tends to make even bigger gains in the last three months of the year. As for altcoins, Martinez reveals that Ripple whales have bought 470 million XRP over the past 10 days. However, he gives a bearish outlook for Cardano (ADA) based on the TD Sequential indicator on the daily chart.
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