Trader Says Bitcoin To Go Higher Once BTC Climbs Above One Resistance Level, Maps Path Forward for Dogecoin and Three Other Altcoins
Cryptocurrency analyst and trader Ali Martinez says that Bitcoin may enter an uptrend if BTC can smash through a key resistance level. Martinez tells his 154,400 followers on X that Bitcoin may soon break through the $113,000 resistance level after two recent failed attempts. “Breaking past $113,000 sets Bitcoin BTC on track for $116,000 and possibly $119,000.” Source: Ali Martinez/X Bitcoin is trading for $111,428 at time of writing, down 1.2% on the day. Next up, the trader says memecoin Dogecoin (DOGE) may break out of the upper bound of an enduring trading range. “Dogecoin targets the top of the channel at $0.242!” Source: Ali Martinez/X DOGE is trading for $0.23 at time of writing, up marginally in the last 24 hours. The trader also says that peer-to-peer payments project Stellar (XLM) is suddenly flashing bullish based on the SuperTrend indicator, which is used in technical Analysis to determine market direction and potential e...