Ethereum

Cryptocurrency

Token

Bitcoin

when

Ali Martinez, one of the well-known cryptocurrency analysts, made a statement regarding a critical Bitcoin price level in one of his latest updates.
Martinez claimed in his message, which he shared with the “warning” tag, that historically when the Bitcoin price falls below the “Realized Price/Viability Ratio,” the price falls to the realized price. According to Martinez’s statement, the rate is currently at $51,600, while the realized price is around $31,500.
Referring to the Ethereum side, the analyst reported that ETH whales have stopped accumulating coins since July and have since sold or redistributed their ETH holdings.
Related News: <a href="https://en.bitcoinsistemi.com/watch-out-22-altcoins-have-massive-token-unlocks-in-the-new-week-here-is-the-day-by-day-hour-by-hour-list/" target="_blank" rel="noopener noreferrer nofollow">Watch Out: 22 Altcoins Have Massive Token Unlocks in the New Week - Here is the Day by Day, Hour by Hour List</a>
Despite this pessimistic outlook, the analyst also has some positive views. Regarding October, Martinez said:
<blockquote>
 “While September has historically been a difficult month for Bitcoin, keep in mind that October is approaching. Often referred to as ‘Uptober,’ this month is known to be one of the best months for BTC.”
</blockquote>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/experienced-analyst-gave-the-critical-level-in-bitcoin-if-this-level-is-broken-it-points-to-31500/" rel="noopener noreferrer nofollow">Experienced Analyst Gave the Critical Level in Bitcoin: “If This Level Is Broken, It Points To $31,500”</a>

Experienced Analyst Gave the Critical Level in Bitcoin: “If This Level Is Broken, It Points To $31,500”

Bitcoin Sistemi EN

Other articles published on Sep 9, 2024

‘Entertainment Datasphere’ REDACTED Raises Web3 to New Altitudes with First-Ever Sky Networking E...

Crypto.com Announces Strategic Partnership with Standard Chartered Bank to Expand Global Retail S...

QCP Capital: Options Market Signals Optimism for Bitcoin Bullish Outlook in Early 2025

Top Cryptos with 100x Potential Before 2024 Ends (ETH, XRP, SOL, MATIC, ARB)

Donald Trump Launches Fourth NFT Collection with Exclusive Physical Rewards

The Meme Games Limbers Up For Token Claim And DEX Listing At 10 AM Tomorrow – Last Chance To Buy!

Join our free newsletter for daily crypto updates!