Bitcoin (BTC) appears to be going back to life after a shaky period! This week, the price surpassed $43,000, leaving bears in the dust and rekindling hope for greater heights.
Ali Martinez, a prominent crypto analyst, has weighed in with his predictions, painting a picture of what might come next for the king of crypto.
Martinez sees $43,200 as a critical level of support for Bitcoin. This is a bridge that must be crossed to maintain momentum. What’s the good news? Bitcoin broke through this barrier on December 20th and has remained stable since.
Martinez believes that if Bitcoin remains above $43,200, the bulls will surge to $47,360. That’s a 10% increase over where we are now!
However, a drop below $43,200 may cause a correction, potentially sending Bitcoin to $37,000. That’s a 15% drop, so keep an eye out for a bearish signal.
