Analyst Commented on Bitcoin: Technical Indicator Points to a New Peak!
Popular cryptocurrency analyst Ali Martinez gave a bullish target for Bitcoin (BTC).
In his X post dated June 3, Ali Martinez included his analysis of Bitcoin. Taking an hourly look at the current chart, Martinez said that Bitcoin has drawn a symmetrical triangle and that $ 74,400 can be seen if it can make a healthy close at the top of this triangle.
The experienced name pointed out $69,330 as the critical level, which is the upper part of the symmetrical triangle in question, and emphasized that this region should not be lost:
Bitcoin appears to be breaking out of a symmetrical triangle! A sustainable close above the $69,330 resistance level could send Bitcoin towards $74,400.
According to CoinGecko data, Bitcoin, which has increased by 3% in the last 24 hours, is traded at $ 69,680 at the time of writing.
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