Crypto Analyst Says Bitcoin Indicator Is Flashing a Bullish Signal – Here Are His Targets

A broadly adopted crypto analyst says flagship crypto is exhibiting indicators of a bull run.

Crypto dealer Ali Martinez tells his 69,600 followers on the social media platform

“Since early August, the Bitcoin bull-bear market indicator has fluctuated between bearish and bullish. Now it has turned bullish once more!”

Trying forward, the analyst thinks BTC’s subsequent resistance may very well be at $66,000.

“If Bitcoin can keep the help at $60,365, the following main resistance ranges will probably be $64,045 and $66,250!”

Furthermore, the analyst says something special will occur when BTC reaches $61,900.

“$69.51 Million Will Be Liquidated If Bitcoin Returns to $61,900!”

As well as, the analyst and crypto dealer points out that giant Binance accounts go lengthy on BTC.

“63.34% of Prime Dealer Accounts in Binance Go Lengthy Bitcoin!”

BTC is price $61,414 on the time of writing, simply south of Martinez’s liquidation worth of $61,900.

Earlier this week, Martinez additionally stated that BTC remains to be within the early phases of its post-halving bull cycle, noting that the digital asset business tends to rise after the stablecoin Tether (USDT) takes a significant beating.

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Featured picture: Shutterstock/Warm_Tail