Crypto analyst Ali Martinez made a striking comment in light of the latest developments in the Bitcoin (BTC) price.
Although the crypto market ended the month of October, known as “Uptober”, on a positive note, it had a frightening start to November. Leading crypto Bitcoin (BTC) managed to attract attention by rising to $73,620 on October 29. BTC set its sights on a new all-time high.
Although it was thought that the increases would continue after October, expectations were dashed. BTC has lost 4.26 percent since October 31.
Crypto analyst Ali Martinez expressed his expectations in his chart analysis published on X. Martinez stated that BTC will give an important test.
Analyst’s Bitcoin scenario is coming true step by step
Ali Martinez became a hot topic with his Bitcoin (BTC) analysis published on October 26. Martinez stated that in the scenario in question, BTC would reach the level of 72 thousand dollars and then drop to 69 thousand dollars. BTC retreated to $69,000 after touching $73,620.
Emphasizing that the analysis is working, Martinez stated that the next stage is 78 thousand dollars. The analyst stated that the target in question will be achieved if an important support level of 69 thousand dollars is maintained.
So far, #Bitcoin is going according to plan!
After moving up to $72,000, $BTC is now testing the $69,000 support zone. If this level holds, #BTC could rise to $78,000! https://t.co/e2mDs2DTij pic.twitter.com/W0OyNaoKw1
— Ali (@ali_charts) October 31, 2024
An X user asked Martinez, “What happens if we can’t keep the $69k?” He asked the question: Martinez stated that if BTC loses the support level, it will fall to 64 thousand dollars.
It became a matter of curiosity whether the prediction of Martinez, who made two out of two in his analysis, would come true.
