Bitcoin is at a dangerous threshold, will the price plummet to $78,000?

Bitcoin at Dangerous Level: Will Price Plunge to $78,000?

The cryptocurrency market is closely watching Bitcoin's moves as the coin's price hovers near a key milestone.

Blockchain analyst Ali Martinez warns that the Head and Shoulders pattern could send Bitcoin price into a deep correction towards $78,000 unless it can break the strong resistance zone of $100,000 .

Bitcoin is currently trading at $97,641 , facing a large “supply wall” between $98,000 and $100,000 . According to Martinez, to stop this decline, Bitcoin needs a strong rally and close above $100,000 .

Altcoins are also exciting
In addition to Bitcoin, Martinez sees notable developments in altcoins:

Cardano (ADA): Whales Bought 40 Million ADA in 48 Hours , Showing Massive Accumulation from Large Investors.
XRP: Trading Activity Surges with Volume Surpassing $7 Billion , Signaling Increased Interest.
Dogecoin (DOGE): The analyst reiterated that in previous bull cycles, DOGE typically needed 27-42 days to gain up to 1,000% .

Although the market is under pressure, interest from large investors and positive signals from altcoins could provide fresh momentum in the coming weeks.