Bitcoin

Momentum

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoins-600-day-bullish-momentum-analyst-ali-martinezs-insights/" data-wpel-link="internal">Bitcoin’s 600-Day Bullish Momentum: Analyst Ali Martinez’s Insights</a><br></p>
<p style="text-align: justify"><strong>Crypto currency</strong> analyst and investor Ali Martinez pointed out that historical data could be the key to how long <a href="https://en.coin-turk.com/famous-bitcoin-bull-gets-scared-this-level-is-critical-for-btc/" data-wpel-link="internal">Bitcoin</a>‘s (BTC) bull run might last. He also revealed that Bitcoin has a 600-day rising momentum.</p> 
<h2 id="bitcoin-s-600-day-momentum">Bitcoin’s 600-Day Momentum</h2> 
<p style="text-align: justify">Ali Martinez, through his statements on <a href="https://newslinker.co/category/social-media/" data-wpel-link="exclude">social media</a> platform X, told his followers that if Bitcoin follows its previous bullish cycles, the leading cryptocurrency could remain in an uptrend for more than one and a half years, stating:</p> 
<blockquote> 
 <p style="text-align: justify">If Bitcoin reflects its past bull runs from 2015-2018 and 2018-2022 from its market bottoms, predictions indicate that the next market peak could occur around October 2025. This means BTC still has a 600-day rising momentum!</p> 
</blockquote> 
<p style="text-align: justify">The analyst warned that individuals who have held Bitcoin for less than 155 days might face headwinds in the near term due to their cost basis, emphasizing:</p> 
<blockquote> 
 <p style="text-align: justify">If the price of Bitcoin falls below $38,130, short-term BTC holders could find themselves at a loss. This potential BTC drop could trigger a new wave of panic selling as these investors try to minimize losses.</p> 
</blockquote> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-307522 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/alimartinez.jpg" alt="" width="1200" height="642"></p> 
<h2 id="btc-s-bullish-momentum">BTC’s Bullish Momentum</h2> 
<p style="text-align: justify">The expert believes that since the start of Bitcoin’s rise in momentum last year, its price is currently in its fifth significant market correction. He predicts that BTC will continue its broader uptrend after completing the current correction, highlighting:</p> 
<blockquote> 
 <p style="text-align: justify">During the bull market, BTC experienced four major corrections. A 12-day drop of 12%, a 15-day drop of 22.6%, and two drops of approximately 21% each lasting about 60 days.</p> 
</blockquote> 
<p style="text-align: justify">However, he warned that if BTC fails to hold $38,000 as support, it could correct down to the $33,000 level, concluding his remarks:</p> 
<blockquote> 
 <p style="text-align: justify">A weekly close below $38,000 could signal a retracement for BTC and target the strong support cluster around $33,000. This key area combines several technical elements: the lower boundary of a parallel channel, the 0.5 Fibonacci retracement level, and the 50-week simple moving average (SMA). Together, these factors create an important line of defense that could potentially halt further declines in BTC prices.</p> 
</blockquote> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoins-600-day-bullish-momentum-analyst-ali-martinezs-insights/" data-wpel-link="internal">Bitcoin’s 600-Day Bullish Momentum: Analyst Ali Martinez’s Insights</a></h5>

Bitcoin’s 600-Day Bullish Momentum: Analyst Ali Martinez’s Insights

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