Prominent Analyst Evaluates Bitcoin, Dogecoin and Solana Price! Here’s What He Said

Cryptocurrency analyst Ali Martinez evaluated Bitcoin, Dogecoin and Solana in his statement.

Speaking about Bitcoin, the analyst notes that Bitcoin market peaks have historically occurred simultaneously with realized profits. Martinez said that more than $3 billion in profits were realized in December alone, raising concerns about a market peak.

In addition, he stated that similar selling pressure came from BTC miners. According to the analyst, in mid-January, miners sold approximately 20,000 BTC worth $2 billion.

Martinez said there are also signs of long-term wallets in Bitcoin. According to the analyst, the amount of BTC held in long-term wallets decreased by 75,000 in the past week.

Considering these factors, the analyst thinks that the BTC price should remain above $91,700. If it falls below this level, he claimed that the BTC price could drop below $74,000.

Evaluating Dogecoin, the analyst argued that the DOGE price has broken out of a symmetrical triangle formation and may be targeting $0.36.

On the Solana side, he stated that the SOL price is consolidating in a range and expressed his opinion that in case of a drop below $ 242.5, a drop to $ 232 is possible.

*This is not investment advice.