Pseudonymous cryptocurrency analyst Ali Martinez has cautioned that Bitcoin (CRYPTO: BTC) is vulnerable to a steep decline, citing a lack of substantial support below the $92,000 mark.
What Happened: Ali’s analysis, shared in a series of tweets on Wednesday, indicates that a failure to hold this level could lead to a rapid price correction down to the $74,000−$78,000.
Bitcoin is trading at $93,950, down 3.5% over the last 24 hours.
Other major altcoins like Solana (CRYPTO: SOL), Dogecoin (CRYPTO: DOGE) and Cardano (CRYPTO: ADA) are trading down 7.5% 8.5% and 11%, respectively.
This warning comes after Bitcoin broke below a key demand zone between $95,400 and $98,400, an area where 1.77 million addresses acquired more than …
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