Analyst says that Top 10 altcoin puts the theater for its great crash, and determines the path forward for Bitcoin and Chainlink
The encryption analyst and merchants Ali Martinez tends to land on the Great ALTCOIN because it presents his view of Bitcoin (BTC) and the original symbol of Blockchain Oracle Chainlink (Link).
Martinez Recount Its 134,800 followers can decrease on the X social media platform that can push Altcoin XRP (XRP) by about 37 % of the current level after the formation of the head and shoulder pattern on the daily time frame.
The head and shoulder are a declining pattern that indicates that the origins lose the bullish momentum after failing to print new levels with its right shoulder.
XRP, the fourth largest encryption asset by the market, is traded at $ 2.05 at the time of writing this report.
Next is Bitcoin. Analyst and merchant He says Bitcoin can turn up if King Crypto can re -test the main price level as support. Specifically, Martinez says it maintains the short -term BTC (STH) short price, a scale that tracks the average price on which all Sths acquired their coins.
STHS is defined as a portfolio that carried its currencies for 155 days or less.
“The first indication that bitcoin is ready to resume the bull, as the short -term owner has achieved the price at $ 90,570!”
Bitcoin is trading at $ 8,3300 at the time of this report.
Crypting and merchant also He says There are “signs of profits” in the Bitcoin market where old currencies return to the exchange of encryption. Quoting data from the Blockchain Cryptoquant analysis platform, Martinez says more than 1058 BTC, with a value of more than $ 88 million at the current price, has been transferred by long -term holders in just one day.
Long -term holders are entities that have kept their currencies inactive for more than 155 days.
Looking at Chailink, Martinez warns that the link can role The declining because it tests the rising trend line on the weekly graph that has been kept on Alcin Al -Yalqi since July 2023.
Chainlink is trading at $ 12.63 at the time of this report.
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Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
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