Renowned cryptocurrency analyst Ali Martinez recently shared predictions of possible crypto bulls Bitcoin (BTC), Phantom (FTM) e SandBox (SAND).
In his analysis of the largest cryptocurrency on the market, Martinez highlighted that Bitcoin is consolidating within a parallel channel. The expert highlighted the important price zones for a fall or rise in BTC prices.
“On the 4-hour chart, Bitcoin is consolidating within a parallel channel, which puts all focus on the $42.400 support. A sustained drop below could see $BTC reach $40.700. On the other hand, a recovery from here could set the stage for a recovery towards $44.400,” he wrote.
At the time of publication, the Bitcoin price was quoted at US$ 42.758,85 down 2.1% in the last 24 hours.
In the 4-hour chart, # Bitcoin is consolidating within a parallel channel, which puts all the focus on the $42,400 support.
A sustained drop below could see $ BTC head to $40,700. On the flip side, a rebound from here might set the stage for an upswing towards $44,400. pic.twitter.com/P4f6C97cvL
— Ali (@ali_charts) December 26, 2023
The analyst also highlighted that a close above US$0,57 could take the Fantom price to a high of US$1,60. “Fantom appears to form a “W” pattern on its weekly chart. If $FTM maintains a weekly close above $0,57, it will confirm this bullish formation and march towards $1,60!” explained.
At the time of publication, the Fantom price was listed at US$0,551028, up 1.4% in the last 24 hours.
Martinez also noted the sharp increase in SandBox transactions worth over $100.000, which suggests a growth in interest from large investors in the cryptocurrency, indicating notable spikes soon.
“In the last 24 hours, there has been a sharp increase in SAND transactions above $100.000. This increase indicates growing interest from institutional participants and whales in SAND, often a precursor to notable price spikes,” he wrote.
At the time of publication, the price of SandBox was listed at US$0,628235, up 3.8% in the last 24 hours.
