A widely followed crypto analyst is warning investors that Bitcoin (BTC) could repeat its April 2025 correction while updating his outlook on Ethereum (ETH).
In a new thread, crypto trader Ali Martinez tells his 158,200 followers on X that the top crypto asset by market cap could be following the same trend it did earlier this year, identifying $107,200 as a crucial support zone.
[adinserter block="1"]“$107,200 is the crucial support for Bitcoin. Lose it, and $100,000 or even $93,000 comes into play.”
According to the trader’s chart, if BTC does repeat the same pattern, it could end up plunging to a price of around $93,000 by the end of the year.
Martinez goes on to note that deep-pocketed Bitcoin investors have been busy, gobbling up 30,000 tokens during the last week. BTC is trading for $109,520 at time of writing, a fractional decrease during the last 24 hours.
Moving on to the top altcoin, Martinez says Ethereum’s odds of dipping down to a price tag of $3,500 have risen after failing to hold the $4,000 level.
He concludes by identifying other key support levels of the second-largest digital asset by market cap that traders should keep an eye on: $3,515, $3,020, and $2,772.
Ethereum is trading for $4,000 at time of writing, a fractional increase during the last 24 hours.
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