Bitcoin has experienced significant growth this year, but its price has fallen from above $30,000 to just above $26,000 in recent weeks. Crypto analyst Ali Martinez has identified a buy signal on Bitcoin's 4-hour chart, with a potential upside of 4.5% from current levels. However, BTC could also swing either way, depending on whether it can hold above the current $26,000 support level.
Michael van de Poppe believes that BTC must reclaim the $26,500-$26,800 price range before hitting longs, otherwise, the cryptocurrency may plunge to $25,000. Despite the recent price collapse, Bitcoin remains up nearly 60% since the start of 2023.
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