Analyst and trader Ali Martinez says Bitcoin (BTC) is set to continue the upward trend as it hovers less than five percent below the all-time high.
The widely followed analyst tells his 143,400 followers on the social media platform X that Bitcoin could appreciate by up to 33% from the current level if the bullish momentum is sustained.
“After breaking out of a channel, Bitcoin has reached its first target at $121,000. It is now consolidating at this level, but current buying pressure suggests the uptrend may continue.
If momentum holds, the next levels to watch are $131,000, $144,000, and $157,000.”
To get to the first target, Martinez says,
“Bitcoin could march toward $131,200, so long as $117,400 holds as support!”
Bitcoin is trading at $118,395 at time of writing.
Next up is Solana (SOL). According to the widely followed analyst, the sixth-largest crypto asset by market cap could go up to between $300 – $360 from the current level after breaking out of an ascending triangle. An ascending triangle, which forms within an existing uptrend, is typically considered a bullish continuation chart pattern.
Solana is trading at $197 at time of writing.
Next up is XRP. Martinez says that the third-largest crypto asset by market cap could explode by 335% from the current level.
“XRP has broken out of a bullish flag, setting its sights on $15!”
XRP is trading at $3.45 at time of writing.
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