A closely followed crypto analyst is revealing bullish targets for Bitcoin (BTC) while updating his outlook on a handful of prominent altcoins.
In a new strategy session, crypto trader Ali Martinez tells his 139,200 followers on the social media platform X that the top crypto asset by market cap looks poised to push to the $118,000 price level – a new all-time high – if it can finish with a daily close above $109,000.
“Despite the broader quarterly outlook shared in this video, the daily chart for Bitcoin. BTC looks promising. A daily close above $109,000 could open the door to a rally toward $118,000!”
BTC is trading for $109,644 at time of writing, a fractional increase on the day.
Moving on to smart contract platform Ethereum (ETH), Martinez says he expects more choppiness until the top altcoin closes outside the $2,227-$3,385 range.
“Heard a company added an inflationary asset like ETH to its balance sheet, and suddenly everyone’s bullish again. But let’s be real: I expect more chop until we get a sustained close outside the $2,227-$3,385 range.”
ETH is valued at $2,579 at time of writing, a marginal increase on the day.
Turning his attention toward the meme asset Dogecoin (DOGE), Martinez notes that the popular dog-themed token appears ready to ascend to $0.19, potentially up to $0.26, after bouncing off a low.
“Dogecoin bounced from the lower boundary of this channel. Now targeting $0.19, with potential upside to the upper boundary near $0.26.”
DOGE is trading for $0.17 at time of writing.
Concluding his analysis with ETH competitor Solana (SOL), the trader says the smart contract platform looks poised to benefit if the crypto markets break out.
SOL is trading for $151 at time of writing, a marginal decrease during the last 24 hours.
