ALERTđ¨đ¨đ¨
Bitcoin (BTC) saw a significant rise this weekend, boosted by positive economic data and the sale of Bitcoin by the German government. Reporting from finbold.com, one of the top analysts, Ali Martinez, recently revealed his identification of levels that are considered important for Bitcoin.
Based on data from IntoTheBlock, approximately US$ 1.44 million addresses purchased nearly 660,000 BTC between US$ 56,768 and US$ 58,508, with an average of US$ 57,677. Martinez also advised traders to monitor the level US$ 57.670.
From what Martinez sees, the psychological resistance level of US$ 60,000 is now within range, which is also in line with the 30-day exponential moving average (30-EMA).
As is known, the market this week has been hit by the massive sale of Bitcoin by the German government. The huge pressure on the price of the main crypto lasted until it broke the previous support level set by Martinez.
