Summary
- Ali Martinez said the Bitcoin (BTC) chart is forming a pattern similar to the one seen when it hit its 2022 low.
- He said Bitcoin is moving in a way that closely resembles the 2022 bear market, and that if the pattern continues, it could see one final decline and a short-term rebound before that drop.
- As of 2:17 p.m., Bitcoin was trading at $77,111, up 2.07%% from a day earlier.
Forecast Trend Report by Period
Bitcoin is forming a pattern similar to the one seen at its 2022 bottom, according to crypto analyst Ali Martinez.
In a post on X on May 1, Martinez wrote that Bitcoin is moving in a way that closely resembles the 2022 bear market. If the pattern continues, it could face one final drop, with a short-term rebound before that decline.
As of 2:17 p.m., Bitcoin was trading at $77,111, up 2.07% from a day earlier.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
