Crypto analyst Ali Martinez has highlighted what needs to happen for Bitcoin to climb to $76,000. If that doesn’t happen, he noted that the flagship crypto risks dropping significantly to levels not seen since the start of the year. How Bitcoin Could Rise To $76,000 Martinez mentioned in an X (formerly Twitter) post that Bitcoin will likely rise to $76,610 if it can reclaim $64,290 as support. However, if it fails to climb above $64,290, the crypto analyst added that Bitcoin might retest support at $51,970. Martinez drew this conclusion based on MVRV (Market Value To Realized Value) extreme deviation pricing bands, which showed $51,970 as the all-time mean. Related Reading: Crypto Analyst Says XRP Price Can Break Out From Falling Pennant, But Can It Reach $1? Bitcoin has recently maintained a tepid price movement and isn’t showing any sign that it can reclaim $64,290 as support for now. Instead, the flagship crypto looks likelier to retest the $51,970 price level, seeing as it is looking to break down below $60,000. However, despite Bitcoin looking to have a bearish outlook, crypto analyst Mikybull Crypto mainta ..
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