Veteran Analyst Shares Bullish Scenario for Bitcoin (BTC) and Solana (SOL)

Ali Martinez, one of the most well-known analysts in the cryptocurrency world, evaluated the world’s largest cryptocurrency after the serious attack in Bitcoin today.

Sharing his thoughts with his followers on social media platform X, Martinez reported that if the BTC price can maintain the $60,365 support level, the next key resistance levels will be $64,045 and $66,250.

BTC price is trading at $63,600 at the time of writing and is up almost 5% in the last 24 hours.

The analyst also mentioned another metric. According to Martinez, the Bitcoin bull-bear market indicator has been oscillating between bear and bull since the beginning of August, but has now turned back to the bullish side.

In addition, the analyst also made an assessment on the Solana side. Martinez claimed that the Solana price chart was following a bullish formation and that $164 could potentially be targeted. In addition, he argued that if the SOL price exceeded this resistance level, a 33% increase and a climb to $220 could be experienced.

SOL is trading at $148 at the time of writing.

*This is not investment advice.

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