Summary
- Ali Martinez analyzed that Bitcoin (BTC) price could drop further to $81,000.
- He stated that the risk of further decline is increasing as Bitcoin breaks below the parallel channel.
- He indicated that if Bitcoin fails to recover above the resistance level of $92,500, the probability of a decline is high.
An analysis suggests that Bitcoin (BTC) price could drop further to $81,000.
Crypto analyst Ali Martinez stated on X on the 25th that "Bitcoin's downside risk is increasing as it breaks below the parallel channel."
Martinez predicted that Bitcoin could plummet to the early $80,000 range. He noted that "if Bitcoin fails to quickly recover above the resistance level of $92,500, there is a high possibility it could fall further to $81,000."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
