Cryptocurrency trader Ali Martinez is bullish on Bitcoin (BTC) while offering his predictions for Ethereum (ETH) and Dogecoin (DOGE).
Martinez tell According to its 91,300 followers on social media platform bulls.
“Investor sentiment remains subdued, far from euphoric, indicating that Bitcoin may still have significant room for growth before reaching a market peak.”
Bitcoin is trading at $97,450 at the time of writing.
Next up is Ethereum. Martinez said that Ethereum could rebound around 67% from its current level in the medium term. In the long term, he estimates that the top altcoin could rise by almost 180% in the coming weeks, eclipsing its all-time high of around $4,900 reached in November 2021.
Based on Martinez’s chart, it appears that Ethereum is in an ascending channel on the weekly timeframe and the medium-term target price is around the upper boundary of the channel. In technical analysis, an ascending channel consists of parallel ascending trend lines and indicates a strong uptrend.
Ethereum is trading at $3,590 at the time of writing.
Next up is Dogecoin. Martinez said that the flagship memecoin is at a “very critical resistance point.” The crypto analyst claims that Dogecoin could plunge up to 17% from current prices if it fails to convincingly break through the main resistance zone.
“A sustained break above $0.40 will send it to $0.43, but failure to clear $0.40 resistance will trigger another decline to $0.36, or even $0.34!”
Dogecoin is trading at $0.41 at the time of writing.
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