Trader Warns of Lower Prices for Bitcoin, Says BTC Remains in a Downtrend – Here's His Downside Target

Analyst and trader Ali Martinez is turning bearish on Bitcoin BTC BTC - $62960.525 after the flagship digital asset printed corrective signals. Martinez tells his 71,200 followers on the social media platform X that Bitcoin could dip nearly 9% from its current value. “Bitcoin broke support! It looks like $55,000 is next.

Source: dailyhodl.com

Related symbols: BTCUSD

2024-09-18 09:27:01 GMT.

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Price & Market Data

Price: $62960.525

Volume 24h: $43,852,588,251.69

Market Cap: $1,243,867,015,325.75

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,756,287. The last known price of Bitcoin is 62,970.2481002 USD and is up 4.53 over the last 24 hours. It is currently trading on 11703 active market(s) with $43,727,270,107.03 traded over the last 24 hours. More information can be found at https://bitcoin.org/.