Analyst and trader Ali Martinez says Bitcoin (BTC) is set to continue the upward trend as it hovers less than five percent below the all-time high.
The widely followed analyst tells his 143,400 followers on the social media platform X that Bitcoin could appreciate by up to 33% from the current level if the bullish momentum is sustained.
“After breaking out of a channel, Bitcoin has reached its first target at $121,000. It is now consolidating at this level, but current buying pressure suggests the uptrend may continue.
If momentum holds, the next levels to watch are $131,000, $144,000, and $157,000.”
To get to the first target, Martinez says,
“Bitcoin could march toward $131,200, so long as $117,400 holds as support!”
Bitcoin is trading at $118,395 at time of writing.
Next up is Solana (SOL). According to the widely followed analyst, the sixth-largest crypto asset by market cap could go up to between $300 – $360 from the current level after breaking out of an ascending triangle. An ascending triangle, which forms within an existing uptrend, is typically considered a bullish continuation chart pattern.
Solana is trading at $197 at time of writing.
Next up is XRP. Martinez says that the third-largest crypto asset by market cap could explode by 335% from the current level.
“XRP has broken out of a bullish flag, setting its sights on $15!”
XRP is trading at $3.45 at time of writing.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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