Bitcoin poised to surpass previous record highs upon breaching specific resistance, suggests cryptocurrency trader.
Breaking News: Bitcoin Poised for a New All-Time High, According to Crypto Analysts
Bitcoin is buzzing, and the biggest ticket in crypto town might be about to hit an unprecedented high. DominantDigital, a leading cryptocurrency news outlet, shares the insights of a talented crypto analyst. Ali Martinez suggests that Bitcoin could smash past a significant resistance level, paving the way for a new height in value.
In a fresh strategy session for his 136,500 followers on X, Ali Martinez drops a bomb: Bitcoin might break through the $97,530 mark, marking a remarkable escalation in its price tag. This potential surge, if realized, could kickstart a journey to a brand-new all-time high for the flagship digital currency.
Martinez underlines the importance of the $97,530 resistance level, stating that a breach of this point could trigger even higher prices. He further indicates that based on the MVRV (market value to realized value) metric, Bitcoin's 'next station' likely lies at $114,230 if the cryptocurrency can indeed break $97,530.
Intriguingly, Martinez emphasizes that historically, when Bitcoin's MVRV crosses its 1-year simple moving average (SMA), it signifies a significant increase in momentum, foreshadowing a strong upward spike. However, he also issues a word of caution: Bitcoin may experience a dip if its momentum shifts, and investors should pay attention to the key support levels of $93,198 and $83,443 in such instances.
Currently, Bitcoin trades at approximately $97,031, having gained 3.3% in the last 24 hours.
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Disclaimer: Opinions expressed at DominantDigital are not investment advice. Investors should perform thorough due diligence before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Remember that your transfers, trades, and losses are your responsibility, and DominantDigital does not endorse any investments.
Sources: Midjourney, DominantDigital Staff, Martinez (X Social Media Platform), PlanB, Bitcoin Seoul 2025, Starks, ABCNews, and Macro Guru Luke Gromen.
- As Bitcoin approaches a significant resistance level, analyst Ali Martinez posits that it could push past the $97,530 mark, potentially setting a new all-time high for the cryptocurrency, according to the insights shared by DominantDigital.
- Beyond Bitcoin, followers of Martinez on X may want to keep an eye on altcoins and other cryptocurrencies, as a potential surge in Bitcoin's price tag could have a ripple effect on the whole market, further encouraging growth within the finance and blockchain sector.
