Bitcoin has been on an upward trajectory for a while now, witnessing a significant rally within the broader crypto market and reaching the $64,000 threshold on Sunday, as analysts have identified trends that could decide the asset’s next direction. Bitcoin Poised To Witneesed A Rally Or Dip In Short Term Cryptocurrency analyst and trader Ali Martinez has taken to the social media platform X (formerly Twitter) to share his insights on Bitcoin’s price action in the short term with the crypto community. Related Reading: JPMorgan Analysts Predict Bitcoin Crash To $42,000 Post-Halving – What You Need To Know Martinez has spotted an area that could either lead to an uptick or a correction. Ali Martinez highlighted that more than half a million Bitcoins have been transacted within the range of $61,100 and $61,800, and as a result, the crypto asset has formed a “substantial support area.” According to the analyst, BTC is expected to rise towards $65,900, if it manages to hold above this level. However, the experts expect this to happen considering the lack of obstacles that lie ahead. Fur ..
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