A crypto expert thinks Bitcoin might be ready to surge past its all-time high, but there’s a key level it needs to break first.
A Crucial Resistance Level
This expert, Ali Martinez, uses a tool called MVRV Pricing Bands to predict Bitcoin’s price. These bands help identify when investors are likely to buy or sell based on their potential profits or losses.
Martinez says $67,300 is a big hurdle for Bitcoin. If it can break through this level, it could climb all the way to $80,500. This would be a huge jump for Bitcoin, and it could attract even more investors.
A Golden Signal
Martinez also says a “golden cross” could signal that Bitcoin is back on track for a bull run. This happens when a short-term moving average crosses above a long-term moving average, indicating a shift towards a bullish trend.
Bitcoin’s Recent Struggles
However, Bitcoin hasn’t been doing great lately. It’s still below its all-time high, and it’s been stuck in a range for a while.
Bitcoin’s Current Price
Right now, Bitcoin is trading around $64,000. That’s a slight increase from yesterday, but it’s still a long way from $80,500.
So, while Bitcoin could see a big jump, it needs to overcome that $67,300 resistance first. We’ll have to wait and see if it can do it.
