Krypto para Ali Martinez, one of the world’s well-known analysts, in his latest post Bitcoin announced the critical price level at which he claimed the price should hold.
According to the analyst, according to the Bitcoin MVRV price bands, the BTC price needs to secure the $54,000 level as support, otherwise a drop to $40,000 could occur.
On the other hand, Martinez said that if the $54,000 level is held, the next key resistance level on the upside is $67,000.
Martinez stated that the 30-day BTC MVRV rate has not been this low since November 2022, and the last drop in 2022 was due to the FTX crash.
Speaking about Solana, the analyst argued that SOL formed a “W” formation in the lower timeframes. According to the analyst, with a stable close above $ 125, the SOL price could bounce back to $ 142. He stated that the $ 117 level is critical in the down region to invalidate this scenario.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/taninmis-analist-bitcoinde-40-000-dolara-dususun-onlenmesi-icin-tutulmasi-gereken-seviyeyi-acikladi/
