Ali Martinez of Cryptocurrency Traders highlights a crucial resistance level, which, if it is broken, may see Bitcoin (BTCThe ), hitting an all-time record.
Martinez tells 58.900 of his followers, on social media platform X, were informed that Bitcoin prices could rise by as much as 36% if BTC is able to surpass a crucial resistance level.
The trader claims that Bitcoin’s price could fall up to 18% in the event of a collapse at a critical support level.
According to the appearance, Bitcoin is consolidating along a parallel line, making $61,000 as the main support and $72,400 as the major resistance.
BTC could fall to $56,200, or even $51,600 if it breaks through support. If BTC is able to break through resistance, it could drop as low as $56,200 or even $51,600. next Price targets for the year are $86,000 and $79,000.”
Bitcoin has a current value of $63,050.
Ethereum: A New Approach (ETH), Martinez says The second largest crypto asset in terms of market capital is located between $2,430 and $2,000 where 9,37 million accounts hold approximately 52.83 millions Ether.
![Image](https://fxruhanahmed.com/2/wp-content/uploads/2024/04/1713449044_365_Trader-Says-Bitcoin-Could-Surge-by-35-if-BTC-Overcomes.jpeg)
Ethereum currently trades at $3.050 as of the time this article was written.
VeChain, the leading blockchain for supply chain management and tracking (VET). Martinez believes that VET’s price is mirroring what it was between December of 2019 and June 2019. The trader says VET can drop by up to 18% before rising.
“If this pattern holds, VET might pull back to the channel’s upper boundary at $0.032, potentially setting the stage for a continued bull run!”
![Image](https://fxruhanahmed.com/2/wp-content/uploads/2024/04/1713449044_941_Trader-Says-Bitcoin-Could-Surge-by-35-if-BTC-Overcomes.jpeg)
VeChain was trading for $0.0389 when this post was published.
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