Bitcoin (BTC) is currently experiencing a tumultuous period, as highlighted by crypto trader and analyst Ali Martinez. With an astute eye for market trends, Martinez has taken to Twitter to share his belief that Bitcoin’s price is poised for further decline.
According to his analysis, Bitcoin seems to be succumbing to downward pressure from multiple key support levels, signaling a higher likelihood of a significant correction. Martinez suggests that the alpha coin may be on a trajectory toward an essential demand wall.
As the crypto community eagerly awaits the future direction of the top crypto, this anticipated downturn holds the potential to reshape the landscape of the cryptocurrency market.
Notice that #Bitcoin appears to be losing all major areas of support. This increases the probability of a correction to the next important demand wall between $23,200 and $24,000, where 850,000 addresses…
