Crypto even analyst Ali Martinez, in his latest statements Bitcoin’in evaluated his current situation.
According to Martinez, Bitcoin price $92,730 It should not fall below the level, if there is a drop below this level, a free fall may begin for the BTC price.
However, the analyst also explained the conditions for invalidating this bear thesis. According to the analyst’s views, the bearish scenario may be shelved in case of sustainable closes above $97,300 and, more critically, a daily close above $100,000.
At the time of writing this article, BTC price is trading at $94,379.
Despite this, the analyst continues to have bullish views. In his post, Martinez argued that a 20% to 30% drop in the BTC price is one of the most bullish events that can happen to Bitcoin.
Additionally touching on the altcoin world, the analyst said: Chainlink (LINK) He thinks that the price may drop to $14 if the Head and Shoulders Formation is approved. At the time of writing this article, LINK price is trading at $ 21.92.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/tecrubeli-analist-bitcoin-fiyatinda-kritik-seviyeyi-paylasti-bu-seviyenin-altina-inerse-serbest-dusus-yasanabilir/
