Ali Martinez, one of the well-known analysts in the cryptocurrency world, evaluated Bitcoin and Ethereum in his latest statements.
First to Ethereum$ETH
Sharing his views on the subject, Martinez stated that ETH's medium-term target is $6,000, while its long-term target is around $10,000.
Bitcoin$BTC
Martinez, who also made statements about, drew attention to the fact that Thanksgiving is celebrated in the USA today and made an interesting prediction. According to the analyst, if families come together today and talk about Bitcoin, this could lead to a rally in the BTC price and take Bitcoin to $99,000. Martinez claimed that technical data also supports this scenario. At the time of writing, the Bitcoin price was at $95,194.
However, the analyst emphasized that he was cautious about the possibility of being wrong in his prediction and preferred to protect himself from risk by using the stop-loss mechanism.
In case the price drops, Martinez stated that the $93,580 level is a significant demand area and 667,000 BTC were purchased here. According to the analyst, Bitcoin needs to stay above this level to prevent these whales from selling.