One of the most popular traders says Bitcoin is still printing all new highs despite breaking through key resistance levels in this past week.
Ali Martinez, an analyst on social media platform X, tells his 138.400 followers that Bitcoin is entering a phase of price discovery and could soon rise by over 33% from its current value.
Price discovery in crypto trading is generally a reference to assets that reach new highs and uncharted territories.
The price of Bitcoin is entering its discovery phase. Watch out for the next four key levels: $116,000 em>, $126,000 em>, and $148,000 em>.
Bitcoin was trading at $111 042 as of the time this article is written, an increase of 1.8% over the past 24 hours.
The analyst then suggests that Ethereum is completing a head-and-shoulders pattern in reverse, a pattern of bullish reversal according to technical analysis.
Ethereum currently trades at $2,669, an increase of 3.9% over the past 24 hours.
The analyst believes that Solana’s (SOL) ETH competitor may be on its way to a climb up the ascending bullish channel after bouncing from the lower limit.
Solana currently trades for $179, an increase of 3.9% over the past 24 hours.
The analyst also says the memecoin Dogecoin may have a bullpennant pattern printed on its hourly chart. This is a continuation pattern, where consolidation often leads to a break-out.
DOGE has risen 4.2% to $0.24 in 24 hours.
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The post Crypto Trader says Bitcoin has entered price discovery, updates outlook on Ethereum, Solana, and Dogecoin, may be updated as new information becomes available.
