Cryptocurrency analyst Ali Martinez evaluated the future outlook of Bitcoin and many altcoins in his latest statements.
According to Martinez, 119,400 BTC were accumulated by whales at $97,800, and therefore this level could act as critical resistance for Bitcoin. At the time of writing, it is trading at $97,530.
Speaking about Ethereum, the analyst said that investors “seem to be worried” that the Ethereum price has not been able to break $3,000. He added that a move above this level could bring back the lost confidence.
Related News: BREAKING: Coinbase Announces to List Two New Altcoins
Regarding Cardano, Ali Martinez stated in his statement that the ADA price may be performing a slow version of the price action it performed between 2020 and 2021. The analyst claimed that this situation could soon ignite a parabolic rally.
Finally, speaking about the PEPE memecoin, the analyst claimed that the TD Sequential indicator is showing signs of a potential bounce. The PEPE price is trading at $0.000009824 at the time of writing and has lost 1.85% in the last week.
*This is not investment advice.
Continue Reading: Experienced Cryptocurrency Analyst Evaluates Bitcoin, Ethereum, Cardano and PEPE Charts
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Author: NixCoin
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