Bitcoin $94,029.6 While the price was trading at the $90,000 level, a popular analyst pointed out critical support points. The analyst warned that a possible loss of support could trigger a major price decline.
Critical Support Level and Potential Risks
In his statement on the social media platform X, trader Ali Martinez drew attention to the importance of Bitcoin’s support zone between $97,041 and $93,806. Martinez stated that in case of loss of this region, the price could drop to $ 70,085.
“If we break below this level, there is minimal support below,” Martinez said. “This could lead to a sharp decline,” he said. The analyst made this assessment based on the Unspent Transaction Output (UTXO) Realized Price Distribution (URPD) model. The model signals critical levels by analyzing the amount of coins moving in certain price ranges.
Martinez also stated that the supply purchased for $97,000-$99,000 has not yet been sold. He emphasized that if investors sell at these levels, the risk of breaking the support zone may increase.
Potential Upside Forecast for Cardano
Analyst not only on Bitcoin, but Cardano (ADA) 
$0.899825 He also drew a positive scenario for Stating that Cardano could repeat a past cycle, Martinez said that the ADA price could experience a 597% increase from its current level.
“Cardano’s price action follows a similar pattern to the 2020 cycle,” Martinez said. “I think the price may reach 6 dollars in the coming period,” he said. ADA, currently traded at $0.86, has lost 2.4% in value in the last 24 hours.
These different scenarios in Bitcoin and Cardano once again reveal the volatile nature of the cryptocurrency market. Investors should act consciously by closely following market trends.
Critical levels and market indicators in the cryptocurrency market should be monitored carefully. Such analyzes can be important guides to understanding price movements.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
