Trader Issues Bitcoin Alert, Says BTC Could Drop Sharply if History Repeats Itself – Here Are His Targets

Description

Cryptocurrency analyst and trader Ali Martinez is warning of a potential sharp drop in the price of Bitcoin ( BTC ) if history repeats itself. Martinez tells his 145,900 followers on the social media platform X that Bitcoin has previously corrected by 20% to 30% in two instances after the Relative Strength Index (RSI) on the weekly chart fell below the 14-period smooth moving average (SMA) overlaid on it. The RSI is a momentum oscillator used to determine oversold or overbought conditions. The R...