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What to Expect for Bitcoin, Ethereum, XRP, and Cardano After the Surprise Rally? Experienced Analyst
2025-05-08 23:09:33
Cryptocurrency analyst Ali Martinez evaluated BTC and altcoins in his statements following the rally in Bitcoin price.
According to Martinez, the XRP price could see a bullish breakout towards $2.60 if it manages to break the resistance level at $2.26.
On the Ethereum side, the analyst thinks that the critical resistance level for the ETH price is at $2,380. According to the analyst, breaking this level could trigger a new bull run.
Speaking about Bitcoin, Martinez said that the BTC price has formed a strong support point at $94,719, and 195,320 BTC has been purchased from this area. On the upper side, the analyst believes that a resistance level has formed at $101,673. In this area, whales have purchased 81,910 BTC. At the time of writing, the BTC price is trading just below this resistance, at $101,355.
Finally, evaluating Cardano (ADA), the analyst claimed that the ADA price is currently within a descending channel and that if it breaks the upper limit of this channel, there may be a rise to $0.80.
*This is not investment advice.
#BTC #ETH #xrp #caradano
Cryptocurrency analyst Ali Martinez evaluated BTC and altcoins in his statements following the rally in Bitcoin price.
According to Martinez, the XRP price could see a bullish breakout towards $2.60 if it manages to break the resistance level at $2.26.
On the Ethereum side, the analyst thinks that the critical resistance level for the ETH price is at $2,380. According to the analyst, breaking this level could trigger a new bull run.
Speaking about Bitcoin, Martinez said that the BTC price has formed a strong support point at $94,719, and 195,320 BTC has been purchased from this area. On the upper side, the analyst believes that a resistance level has formed at $101,673. In this area, whales have purchased 81,910 BTC. At the time of writing, the BTC price is trading just below this resistance, at $101,355.
Finally, evaluating Cardano (ADA), the analyst claimed that the ADA price is currently within a descending channel and that if it breaks the upper limit of this channel, there may be a rise to $0.80.
*This is not investment advice.
#BTC #ETH #xrp #caradano
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