Seasoned Analyst Reveals the Level at Which He Expects Bitcoin Price to Close the Year

Ali Martinez, one of the most recognizable names in the cryptocurrency world, evaluated the price trajectory of Bitcoin and several altcoins in his latest analysis.

According to the analyst, historically Bitcoin has so far experienced rallies in December, which comes right after the US elections, and in the last two cycles, the rate of these increases has been 30% and 46%, respectively. According to the analyst, if history repeats itself, the BTC price could close the year between $125,000 and $140,000.

On the other hand, speaking about ETH after the rally experienced by Ethereum, the analyst reported that whale wallets have accumulated a total of 280,000 ETH in the last four days, which corresponds to approximately $ 1 billion.

In addition, Martinez mentioned one of the altcoins that has been on the agenda in recent days, Worldcoin (WLD). According to the analyst, although WLD can rise further, it has reached the target of a “head-shoulders-head formation” and some negativity may now occur. Martinez had previously given a target of $ 4 for WLD, and at the time of writing this article, WLD is trading at $ 3.59.

*This is not investment advice.