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What to Expect from Bitcoin, Ethereum, XRP, and Cardano After the Surprise Rally? Experienced Analyst Shared What is Needed for the Bull.
Crypto analyst Ali Martinez evaluated BTC and altcoins in his statements following the rally in Bitcoin prices.
According to Martinez, if the XRP price manages to break the resistance level at $2.26, it could catch a bullish breakout towards $2.60.
On the Ethereum side, the analyst believes that the critical resistance level for the ETH price is at 2,380 dollars. According to the analyst, breaking this level could trigger a new bull run.
Speaking about Bitcoin, Martinez stated that the BTC price has formed a strong support level at $94,719 and that 195,320 BTC have been purchased from this area. On the upper side, the analyst believes that a resistance level has formed at $101,673. In this area, whales had purchased 81,910 BTC. At the time of writing this article, the BTC price is trading just below this resistance at $101,355.
Finally, the analyst evaluating Cardano (ADA) claimed that the current ADA price is within a descending channel, and if it breaks above the upper boundary of this channel, a rise to $0.80 could occur.