Crypto Analyst Says Bitcoin Plunge Below Critical Support Level Could Spell Trouble – Here’s His Target
A closely followed crypto analyst says that Bitcoin (BTC) could see a sharp decrease if it fails to hold a crucial zone of support.
In a new strategy session, crypto trader Ali Martinez tells his 110,700 followers on the social media platform X that sell pressure could see the crypto king plunge all the way back down to $74,000 if it fails to maintain the $92,000 price level.
“A surge in selling pressure pushing Bitcoin below $92,000 could spell trouble. Falling past this level opens the door to a steep drop, with little support until $74,000.”
The trader’s chart – which uses UTXO Realized Price Distribution (URPD), a metric that analyzes the distribution of BTC’s realized price based on the…
