The analyst says that the possibilities have increased significantly for the Solana’s highest competitor to a 41 % decrease, Outlook updates on Bitcoin

The cryptocurrency analyst and merchants Ali Martinez tends to the Soliana competitor (Sol).

Martinez Recount His followers face 130,100 on the social media platform X that sui (sui) faces the risk of “severe correction” amid the formation of a declining pattern.

“Since November 2024, SUI has formed a head style and shoulder with the neck line at $ 3 as a decisive support level. The price procedure has helped in the past few weeks to form the right shoulder of the pattern, which is not a positive sign. After the last break of the support level, 3 dollars, the possibilities have increased significantly to correct 40 % of SUI to $ 1.60.”

SUI is trading at $ 2.73 at the time of writing, a decrease of 48 % of the high price of $ 5.35 reached in early January.

Next is Bitcoin (BTC). In this potential step, the encryption king is likely to be made, Martinez He saysand

“Bitcoin is integrating into a triangle, which paves the way for a potential price of 20 %!”

Also encoding analyst He says Depending on data from the Blockchain analysis platform, bitcoin supplies have grown in the hands of long-term bearers-drains that kept their coins for more than 155 days-between February 11 and March 5. Bitcoin is currently providing in the hands of long -term holders 13,195,498 BTC.

“Long -term holders accumulate! The offer that the owners keep in the long run by 85,000 Bitcoin last month.”

Bitcoin is trading at $ 89,170 at the time of this report.

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