Analyst Ali Martinez announced that Bitcoin (BTC) will initially reach $50,000 and then fall 40%.
Ali Martinez, who attracted great attention from the crypto community and thought his analyzes were successful, made a new prediction regarding the Bitcoin price.
In a BTC analysis shared on the X platform, Martinez explained that if history repeats itself, the price will initially reach $50,000. Martinez predicts a 40% decline after $50,000.
It’s Too Early for Bitcoin (BTC) Correction
Major cryptocurrency Bitcoin (BTC) crashed during the Christmas week. BTC dropped to the $41,600 level. With the decline in BTC, there was also an outflow of funds to altcoins. Cryptocurrency markets expect this decline to reverse by the end of Christmas.
Ali Martinez is one of those who think it is too early for Bitcoin to start correcting. Martinez, a well-known crypto analyst, said Bitcoin could rise to $50,000, followed by a 40% correction.
Ali Martinez, who shared his BTC analysis to his followers on the He said and explained that in this case, Bitcoin will rise to $ 50,000.
Martinez’s scenario calls for a 40% drop after BTC rises to $50,000. According to Martinez, when BTC reaches $ 50,000, it will drop 40% to $ 30,000.
As it is known, the SEC is expected to make its final decision on the Bitcoin Spot ETF next month. The SEC is expected to approve the applications of giants such as BlackRock and Fidelity, and this is expected to trigger an upward trend in BTC. But analysts warned that the “buy the expectations and sell the news” strategy could work. According to this strategy, you can start selling BTC for profit while the news flow is at the forefront.
