Bitcoin

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Technical analysis guru <a href="https://twitter.com/ali_charts/status/1681977543375609856?s=20" rel="noopener noreferrer nofollow">Ali Martinez</a> has shared an update on his <a href="https://u.today/heres-how-much-bitcoin-tesla-holds-as-of-q2" rel="noopener noreferrer nofollow">Bitcoin price prediction</a>, indicating that the world's leading digital currency may be gearing up for a significant upward movement. In a recent tweet, Martinez expressed confidence in Bitcoin's potential to reach not just one but two key price targets in the near future. 
<blockquote class="twitter-tweet"> 
 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> is working on that buy signal presented by the TD Sequential we spotted the other day. I believe <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> first target is $30,600 and the potential second target is $31,300. But I will keep an eye and let you know if this changes. <a href="https://t.co/dqq8RGStUO" rel="noopener noreferrer nofollow">https://t.co/dqq8RGStUO</a> <a href="https://t.co/Lw864gxUdE" rel="noopener noreferrer nofollow">pic.twitter.com/Lw864gxUdE</a>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1681977543375609856?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 20, 2023</a> 
</blockquote> 
The focal point of Martinez's analysis revolves around the TD Sequential, a widely followed technical indicator that helps identify potential price trends on the crypto market. Just a day ago, the analyst alerted his followers to a critical buy signal on the <a href="https://u.today/elon-musks-tesla-sold-bitcoin-one-year-ago-community-wonders-if-repurchase-coming" rel="noopener noreferrer nofollow">BTC</a> 12H chart, coinciding with the formation of a bullish reversal doji candlestick pattern. The condition for this bullish signal to gain strength was that Bitcoin must maintain a price level above $29,800. 
<a href="https://u.today/if-bitcoin-btc-stalls-at-30000-heres-what-may-happen-to-economy-mike-mcglone" rel="noopener noreferrer nofollow">card</a> 
<h2 id="bitcoin-falls-amid-sp-500-bearish-reversal">Bitcoin falls amid S&amp;P 500 bearish reversal</h2> 
As of the time of writing, Bitcoin's price hovers around $29,830, experiencing a marginal decline of 1.21% since the opening of the U.S. stock market trading session. Despite this minor pullback, the analyst's prediction indicates that the cryptocurrency may be on the brink of a considerable rally. 
<img alt="" data-entity-type="file" data-entity-uuid="e6f12048-dd49-443c-ad9d-4c3b4a405e9a" src="https://u.today/sites/default/files/inline-images/BTC_1D_graph_coinmarketcap_1.jpeg">BTC to USD by <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">CoinMarketCap</a> 
According to Martinez's recent tweet, the initial price target for <a href="https://u.today/if-bitcoin-btc-stalls-at-30000-heres-what-may-happen-to-economy-mike-mcglone" rel="noopener noreferrer nofollow">Bitcoin</a> lies at $30,600, suggesting upward potential of around 2.6% from its current price. However, he does not stop there. Martinez goes on to mention a possible second target of $31,300, which would represent a more substantial gain of nearly 5%.

Bitcoin Price May Hit $31,300 Price Soon If This Prediction Comes True

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