Bitcoin (BTC) surpassed $80,000 yesterday for the first time since January, sparking activity in the markets.
As bullish expectations increase, cryptocurrency analyst Ali Martinez stated that Bitcoin is in a structurally strong position and that this could propel BTC to $100,000.
Martinez, in his analysis from account X, stated that Bitcoin formed a bullish MACD crossover on the weekly chart on April 13th and has gained approximately 15% in value since then.
In context, the analyst argued that this intersection and signal have historically marked the beginning of months-long uptrends.
According to Martinez, following similar weekly bullish MACD crossovers, Bitcoin rose by 147% in October 2023, 75% in October 2024, and 35% in May 2025.
“…Historically, this weekly intersection has been one of the top signals for identifying multi-month trends. Looking at past performance:
• October 2023: Resulted in a 147% rally.
• October 2024: Resulted in a 75% rally.
• May 2025: Resulted in a 35% rally.
In the short term, the analyst stated that the 200-day simple moving average of $83,000 is a key resistance level for Bitcoin. According to the analyst, a clear daily close above $83,000 could pave the way for gains towards $89,000 and then $94,000.
The analyst also shared his analysis of Ethereum (ETH). According to him, Ethereum tested $2,375. The analyst stated that this level has repeatedly served as a strong resistance point for ETH in the past.
Ethereum has been turned back from this level in previous attempts, pulling the price towards lower support levels. According to the analyst, if history repeats itself for ETH, a failure here could cause Ethereum to retreat towards the lower boundary of the channel, the $2,210 support zone.
However, the analyst suggests that if ETH makes a daily close above the critical resistance of $2,375, a 7% increase could occur. This rise could take ETH to $2,550.
*This is not investment advice.