#Write2Earn #TrendingTopic #TradeNTell #BTC #BullMarket. $BTC $BNB $XRP Bitcoin Price Expectations Amid the Altcoin Awakening.
Bitcoin (BTC) price has continued to consolidate in the past seven days as the spot ETF frenzy normalizes. However, the number of Bitcoin holders with non-zero account holdings has declined over the past four weeks by around 729,000 to about 52.95 million as of today. On the other hand, the number of Ethereum (ETH) with non-zero holdings has reached an all-time high (ATH) of around 114.95 million.
Bitcoin price has continued to accumulate more buyers with the recent consolidation, thus increasing the chances of an inevitable rally to the top. According to a popular crypto analyst Ali Martinez, Bitcoin price has already found a solid support zone around $51,500.
As a result, the crypto analyst is confident BTC price will rally toward $57k if the support zone holds in the coming days. In the four-hour time frame, Bitcoin price has been forming a bullish rectangle, despite the falling divergence on the Relative Strength Index (RSI).
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