Six-figure expectation for Bitcoin: “This means an increase”
Crypto analyst Ali Martinez claimed that Bitcoin search rates on Google are signaling an increase.
The crypto market is about to leave behind a September full of increases. The leader of cryptocurrencies, BTC, is preparing to close September with an increase of over 10 percent. Analysts stated that the outlook for BTC is positive and indicates a bull run.
Addressing his followers on the X platform, Ali Martinez touched on Google searches, which are an important metric. Crypto analyst Martinez said the following;
“According to Google Trends, no one is searching for Bitcoin. Believe it or not, this means an increase!”
The analyst predicted that BTC could reach six-figure prices if it realizes its potential increase. Martinez stated in his graphic analysis that BTC formed a cup-handle model.
In the graphic analysis, it was seen that the $ 73,794 level was a potential resistance point. The analysis predicts that the price of $BTC will continue to move between $55,000 and $66,000 for a while. Martinez expects the upward breakout in the cup-handle pattern to come around December.
The support points on the chart are $52,829 and $40,637, respectively. If these support points are lost, bullish expectations may be dashed.
The cup-handle formation is a candlestick chart that forms in the long term and with slow movement. The formation, which represents a trend change, consists of a wide cup pattern and a narrow handle pattern.
According to CoinGecko data, the price of $BTC lost nearly 2 percent in the last 24 hours. The decline in BTC was interpreted as profit taking.
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