After a brief dip, the cryptocurrency market is showing signs of recovery with Bitcoin closing in on the $100,000 milestone.
Renowned crypto analyst Ali Martinez recently shared his insights on the potential price movements of Bitcoin and Ethereum, drawing from historical patterns and recent market activity.
Martinez noted that Bitcoin has shown a tendency to rally in December following U.S. elections, with past cycles witnessing gains of 30% and 46%. If this trend continues, he suggests that Bitcoin could close the year with a price ranging between $125,000 and $140,000.
Turning to Ethereum, Martinez highlighted that large holders, or “whales,” have significantly increased their holdings. Over the past four days, these wallets accumulated 280,000 ETH, valued at approximately $1 billion, signaling strong confidence in Ethereum’s potential amid its recent rally.
Ali Martinez recently turned his attention to Worldcoin (WLD), an altcoin that’s been making waves in the crypto space. He noted that while WLD has room for additional gains, it has already hit the projected target based on a “head-and-shoulders” chart pattern, suggesting potential downside risks ahead.
Despite common fears that global crises spell disaster for crypto markets, new data from Binance Research suggests the opposite may be true — at least for Bitcoin.
A new report by crypto analytics firm Alphractal reveals that Bitcoin miners are facing some of the lowest profitability levels in over a decade — yet have shown little sign of capitulation.
Cryptocurrency analytics firm MakroVision has shared its technical assessment of Chainlink (LINK) price action.
The U.S. Department of Justice has sentenced Dwayne Golden, 57, of Pennsylvania to 97 months in prison for orchestrating a fraudulent crypto investment scheme that stole over $40 million from investors.