Popular on-chain analyst and trader Ali Martinez has laid out a detailed roadmap predicting Bitcoin’s (BTC) next major price movements, suggesting the cryptocurrency is on track to reach a new all-time high (ATH) of $78,000. Martinez, sharing his insights on X (formerly known as Twitter), reaffirmed his earlier forecast from September, adding new information to back up his prediction.
In his original tweet from September 23, Martinez predicted that Bitcoin would first drop to $60,000, creating a moment of pessimism in the community, before bouncing back to $66,000 and then retracing to $57,000. Following these moves, he projected that Bitcoin would break out toward $78,000.
At the time, this prediction seemed unexpected and left many in the market puzzled. However, in recent weeks, Bitcoin has closely followed this trajectory. The leading cryptocurrency has experienced a dip to $60,000, followed by a rebound to $66,000, and then a retracement to $57,000, mirroring Martinez’s forecast.
Now, only one step remains in his prediction: Bitcoin’s surge to $78,000. As the community eagerly watches to see if this final move materializes, Martinez reiterated his stance earlier today, emphasizing that $78,000 is the next target on Bitcoin’s journey.
At the time of writing, Bitcoin is trading at $65,673, marking a 1.18% increase over the last 24 hours and a 9.45% gain in the past 30 days. With bullish market sentiment and growing excitement around the “Uptober” theory—a term used to describe Bitcoin’s strong performance in October—many believe Bitcoin is on the verge of reaching its new ATH.
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