Analyst Expecting a Rise in Bitcoin Shared the Resistance Zone and Price Target

Popular cryptocurrency analyst Ali Martinez shared the critical level that must be exceeded in Bitcoin (BTC).

Ali Martinez recently included Bitcoin analysis in his post from his X account. In the chart he added to his post, the analyst stated that Bitcoin is about to break a falling trend and focused on 2 price levels.

Stating that the RSI has already broken the falling trend, Martinez noted that strong closings above $ 64,500 must be seen in order to reach the price target of $ 67 thousand.

This level is also compatible with the Fibonacci retracement levels and is considered an important resistance point for market players.

Especially recent fluctuations and regulatory news in the cryptocurrency market may cause sudden changes in price movements. Therefore, it is important for investors to follow market movements closely and pay attention to risk management.

According to CoinGecko data, Bitcoin, which has increased by 1% in the last 24 hours, is traded at $ 66,800 at the time of writing.

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