Ali Martinez, a well-known figure in the cryptocurrency industry, has conducted an analysis on the price movement of Bitcoin and several other altcoins. Based on historical data, Martinez notes that Bitcoin has typically seen a surge in value in December, following the US elections. In the last two cycles, the percentage increase has been 30% and 46% respectively. If this pattern continues, Martinez suggests that the price of Bitcoin could reach between $125,000 and $140,000 by the end of the year.
Turning to Ethereum, Martinez highlights that whale wallets have accumulated 280,000 ETH, equivalent to approximately $1 billion, in the past four days. This follows a recent rally in the price of Ethereum.
Martinez also mentions Worldcoin (WLD), an altcoin that has garnered attention in recent days. While WLD may continue to rise, Martinez believes that it has reached the target of a “head-shoulders-head formation” and could experience some negative movement. Martinez had previously set a target price of $4 for WLD, but at the time of writing, it is trading at $3.59.
Please note that this information should not be considered as investment advice.
