*Popular Analyst: "Bitcoin is at a crossroads, but this altcoin may rise up to 200 percent!"*

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Stating that Bitcoin is consolidating in a channel, Ali Martinez said that the current focus support level for BTC is $ 42,400.

Saying that this support level is a distinction for BTC at this point, the analyst claimed that BTC will either go to $ 40,700 or $ 44,400.

Accordingly, if BTC cannot recover from its current level and continues its downward trend, it may fall to $ 40,700, and if it recovers, it may rise to $ 44,400.

“On the 4-hour chart, Bitcoin is consolidating in a parallel channel, which puts all the attention on the $42,400 support.

A sustained decline below could see BTC continue towards $40,700. “On the other hand, a recovery from here could pave the way for a rise to $44,400.”

Bitcoin continues to trade at $42,670 at the time of writing.

In the 4-hour chart, #Bitcoin is consolidating within a parallel channel, which puts all the focus on the $42,400 support.

A sustained drop below could see $BTC head to $40,700. On the flip side, a rebound from here might set the stage for an upswing toward $44,400

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$BTC $ETH #BTC #sol #xrp #INJ #BullishAltcoins