Bitcoin ‘could march toward $131k’, says crypto expert
Bitcoin (BTC) has been hotly debated in the past weeks, as it managed to hit a new all-time high (ATH) above $123,000 and become the fifth-largest asset by market capitalization. Contributing to the discussion, crypto market analyst Ali Martinez, suggested in a July 22 post on X that the coin could be on track to surge even further. According to Martinez, Bitcoin could march toward $131,200, provided it maintains a critical support level at $117,400. Ali Martinez’s BTC chart. Source: X (@ali_charts) Bitcoin performance Bitcoin faces technical resistance in the $118,500–$123,000 range, and a break above this zone could set the stage for a rally toward a price of up to $135,000. The ‘digital gold’ currently trades at $118,050, down 0.76% in the past 24 hours but well above its 30-day simple moving average of $111,700. Still, momentum indicators advise caution. The moving average convergence divergence (MACD) histogram, for instance, recently turned negat...
