🔥🔥Experienced Analyst Shares Critical Level in Bitcoin Price: "If It Falls Below This Level, There May Be a Free Fall" 🔥🔥
Cryptocurrency analyst Ali Martinez made important statements in his evaluations on the current situation of Bitcoin.
Martinez emphasized that the price of Bitcoin should not fall below the $ 92,730 level. He stated that if it falls below this level, the BTC price may enter a free fall.
In addition, the analyst explained some conditions for the bear market scenario to become invalid. According to Martinez, if Bitcoin makes sustainable closings above $ 97,300 and especially if a daily close above $ 100,000 occurs, the bear market scenario may lose its validity.
At the time of writing, the Bitcoin price was trading at $ 94,379. However, the analyst stated that he still maintains his bull market expectations. Martinez stated that a 20% to 30% decrease in the Bitcoin price could be one of the most positive bull scenarios for Bitcoin.
Also making evaluations about the altcoin market, the analyst stated that the Chainlink (LINK) price could fall to $ 14 if the Head and Shoulders Formation is confirmed. At the time of writing this article, the LINK price was trading at $ 21.92.
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