Renowned analyst warns of potential Bitcoin crash. Learn about the key support levels and implications. Stay informed!
Ali Martinez, a famous technical analyst of digital currencies, has issued a warning that Bitcoin could plummet over 24% if it loses a key support range. Using the Unspent Transaction Output (UTXO) output model, Ali Martinez has identified a crucial support zone between $97,041 and $93,806 and believes that breaking this level could lead to a drop to $70,085. He also emphasizes the importance of maintaining the $99,000 to $97,000 level, referring to the Base Fee Distribution metric. At the time of writing this news, Bitcoin is trading at $93,235, down 2% in the last 24 hours.
