Bitcoin Eyes $69,000 Next but on One Condition: Analyst
Analysis
Price Impact
MedThe article suggests a potential 7% surge to $69,000, which is a significant but not extreme movement. the conditionality on holding support at $64,000 adds a layer of uncertainty.
Trustworthiness
MedPrice Direction
BullishThe analyst identifies a potential upward trajectory towards $69,000 if bitcoin holds the $64,000 support level. fading selling pressure and declining exchange reserves are also cited as bullish indicators.
Time Effect
ShortThe analyst's target of $69,000 implies a relatively short-term outlook, likely within days or weeks, contingent on immediate support levels being maintained.
Original Article:
Article Content:
Cover image via U.Today Bitcoin eyes 7% price surge Bitcoin may rally next Advertisement Bitcoin has suspended its recent price rally following a sudden price flip to the downside trajectory, failing to reclaim the much-anticipated $70,000 level. While the drawdown has seen Bitcoin remain in the red zone for the past few days, Bitcoin is back to trading below $64,000. However, popular crypto analyst Ali Martinez has spotted a new price target for Bitcoin. Bitcoin eyes 7% price surge On Thursday, June 18, Martinez shared on-chain data suggesting that Bitcoin could be preparing for another price leg up toward $69,000. HOT Stories Bitcoin Whale Wallets See Major Rebound Hyperliquid (HYPE), Bitcoin (BTC), XRP and Dogecoin (DOGE) Price Analysis for June 17: Reclaiming the Bullish Narrative However, this will not happen if the asset fails to hold support at $64,000. Advertisement Although Bitcoin is currently trading around $63,000, the analyst has pointed to $64,000 as a crucial support level for Bitcoin, which holds the capacity to decide Bitcoin's next major price move. To further back his analysis, the analyst shared a chart that revealed Bitcoin trading within an ascending channel, with recent price action consolidating around $64,538. You Might Also Like Thu, 06/18/2026 - 06:06 Bitcoin Whale Wallets See Major Rebound By Alex Dovbnya Advertisement As such, if Bitcoin is able to maintain support above $64,000, it could regain its bullish momentum, which could trigger a major price rally toward its next resistance level around $69,000. Simply put, Bitcoin could surge as high as about 7% if it is able to hold support around $64,000. Bitcoin may rally next While the Bitcoin price downturn has persisted for a few days, it appears that Bitcoin is already preparing to resume its price rally and build momentum again. Although the asset is still showing a price decline of about 1.24% over the past day, its exchange activity shows that its selling pressure is beginning to fade as its exchange reserve shows a mild decline of -0.02 over the same period. When the exchange reserve is down, no matter how mild, it poses a bullish signal for the asset, suggesting that it may be preparing for a potential price breakout. #Bitcoin #Bitcoin Price Prediction