Cardano

Cryptocurrency

Bitcoin

when

Ali Martinez, one of the well-known analysts of the cryptocurrency world, shared his thoughts, including a mind-boggling price target for Bitcoin in a short statement.
According to the analyst, BTC’s current price action is essentially noise that should be ignored and that BTC may actually be forming a Cup and Handle pattern. According to Ali Martinez, this places the long-term bullish target for BTC between $194,000 and $352,000.
On the other hand, the analyst spoke after BTC had one of the best Septembers in its history. He claimed that historically, when the BTC price closed September in the green zone, it made even bigger gains in the last three months of the year. However, it is important to remember that past movements are no guarantee of future movements.
Related News: <a href="https://en.bitcoinsistemi.com/watch-out-the-new-week-has-plenty-of-economic-developments-and-altcoin-events-heres-a-day-by-day-hour-by-hour-list/" target="_blank" rel="noopener noreferrer nofollow">Watch Out: The New Week Has Plenty of Economic Developments and Altcoin Events - Here's a Day-by-Day, Hour-by-Hour List</a>
In addition, speaking about altcoins, the analyst shared that Ripple whales bought 470 million XRP in the last 10 days.
He gave a bearish outlook on an altcoin. The analyst noted that the TD Sequential indicator for Cardano (ADA) is giving a bearish signal on the daily chart, which could potentially mean a short-term correction.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/prominent-analyst-says-cup-and-handle-model-formed-for-bitcoin-gives-mind-boggling-long-term-target/" rel="noopener noreferrer nofollow">Prominent Analyst Says “Cup and Handle” Model Formed for Bitcoin, Gives Mind-Boggling Long-Term Target</a>

Prominent Analyst Says “Cup and Handle” Model Formed for Bitcoin, Gives Mind-Boggling Long-Term Target

Bitcoin Sistemi EN

Other articles published on Sep 30, 2024

Coinpedia Fintech News

Former Swan Bitcoin Employees Persuade Tether to Cut Ties and Collaborate with Them

Bitcoin Hashprice Increases by 10.33% Over the Last Month, Providing Miners with a Much-Needed Boost

Bitcoin and Altcoins Experience Decline Following Recent Market Surge

$NAVX and $CETUS Lead Daily Crypto Market Surge Among Top Gainers

Solana Coin Holders Prepare for Market Shifts as Bitgert’s Big Announcement Nears

Join our free newsletter for daily crypto updates!