Analyst Sets the Most Critical Price Level in Bitcoin Price! Also Evaluated the Possibility of Rally in Two Altcoins

Renowned analyst Ali Martinez from the world of cryptocurrency, in his statement, discussed the situation of Bitcoin and altcoins after the recent decline.

According to the analyst, the most serious resistance level in front of the current Bitcoin price is seen as $97,000. At this level, 2.27 million wallets have accumulated a total of 1.64 million BTC. The analyst believes that if this level is broken, the BTC price could break a new all-time high price record.

While the bloodshed continues in altcoins, an analyst also made an assessment for the Cardano price. According to Martinez, if the price level on the ADA chart closes above $1.19 on a 12-hour time frame, a rally up to $2.20 could occur. At the time of writing this article, ADA is trading at $0.85.

Finally, the analyst speaking about AAVE suggests that there may be a bottom in the price chart of the token according to the TD Sequential metric, which could be seen as a bullish sign. According to the analyst, the weekly chart in AAVE indicates a potential trend reversal in favor of the bulls.