After a brief dip, the cryptocurrency market is showing signs of recovery with Bitcoin closing in on the $100,000 milestone.
Renowned crypto analyst Ali Martinez recently shared his insights on the potential price movements of Bitcoin and Ethereum , drawing from historical patterns and recent market activity.
Martinez noted that Bitcoin has shown a tendency to rally in December following U.S. elections, with past cycles witnessing gains of 30% and 46%. If this trend continues, he suggests that Bitcoin could close the year with a price ranging between $125,000 and $140,000.
Turning to Ethereum, Martinez highlighted that large holders, or “whales,” have significantly increased their holdings. Over the past four days, these wallets accumulated 280,000 ETH, valued at approximately $1 billion, signaling strong confidence in Ethereum’s potential amid its recent rally.
Ali Martinez recently turned his attention to Worldcoin (WLD) , an altcoin that’s been making waves in the crypto space. He noted that while WLD has room for additional gains, it has already hit the projected target based on a “head-and-shoulders” chart pattern, suggesting potential downside risks ahead.