A widely followed crypto analyst says that the flagship crypto is showing signs of a bull run.
Crypto trader Ali Martinez tells his 69,600 followers on the social media platform X that the Bitcoin (BTC) bull-bear market indicator is showing bullish signals.
“Since early August, the Bitcoin bull-bear market indicator has been oscillating between bearish and bullish. Now, it has switched back to bullish again!”
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Source: Ali Martinez/X
Looking ahead, the analyst thinks BTC’s next resistance could be as high as $66,000.
“If Bitcoin can maintain support at $60,365, the next key resistance levels to watch are $64,045 and $66,250!”
Source: Ali Martinez/X
Furthermore, the analyst says something special will happen if BTC reaches $61,900.
“$69.51 million will be liquidated if Bitcoin rebounds to $61,900!”
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