Cryptocurrency analyst Ali Martinez presented an overview of the current bitcoin movement, while identifying interesting trends.

At the moment, there is a divergence of opinion among bitcoin holders in the cryptocurrency market. While some of them are taking advantage of recent price changes to sell, others are actively accumulating the asset. It is especially noticeable that the group of bitcoin holders, who have from 1,000 to 100,000 BTC, consistently continues to accumulate.

This accumulation pattern corresponds to typical trends observed during bull market periods. For example, earlier mass purchases were noted at about $29,000, and this continued until bitcoin exceeded the $46,000 mark. These actions underline the confidence in stable growth, despite small fluctuations.

Martinez also noted that if bitcoin reaches the level of $ 51,700, then the market may liquidate positions worth $ 154 million.

While acknowledging the possibility of a price correction in the short term, Martinez stressed the importance of the fact that significant resistance for bitcoin is expected at around $57,000.

According to an analysis by another cryptanalyst Michael van de Poppe, bitcoin will continue its rally after a possible influx of liquidity.