Crypto Analyst Ali Martinez Warns of Bearish Divergence in Bitcoin
Cryptocurrency strategist Ali Martinez is cautioning investors about Bitcoin’s upward momentum. He has identified a bearish divergence on two key metrics and believes that the network’s slowing growth is a “red flag” for the current uptrend.
If Bitcoin turns downwards, Martinez says to watch the critical demand levels at $34,300 and $30,200. The current price of Bitcoin is $36,173.
Regarding Ethereum, Martinez sees a potential bearish turn based on the readings of the TD Sequential indicator on the 3-day chart. He advises keeping an eye on the resistance zone of $2,000 to $2,150. Ethereum is currently trading at $2,010.
Hot Take: Potential Warning Signs for Crypto Investors
It’s important to pay attention to key metrics and indicators when investing in cryptocurrencies. Bearish divergences and resistance zones can provide valuable insights into potential market movements. Keep an eye on these warning signs to make informed decisions about your crypto investments.
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