Cryptocurrency analyst Ali Martinez shared his latest forecasts for Bitcoin and Dogecoin, focusing on significant market metrics.

Positive Forecast for Dogecoin

The analyst described a bullish scenario for Dogecoin. According to him, the number of large-scale transactions on the Dogecoin network continues to increase, which may indicate potential activity from institutional investors and large-scale Dogecoin holders.

Bitcoin-Related Metric

Martinez also pointed to a less-discussed metric for Bitcoin. He noted that since June 2022, the BTC price has been trading below levels where short-term investors realize their profits. This could lead to sell-offs if investors continue to sell to avoid further losses. This level is at $63,000.

Analysis of Current BTC Price

At the time of writing, the BTC price is $62,083, which is close to the level mentioned by Martinez, although still lower.

Ali Martinez highlights key metrics for understanding future movements in the Bitcoin and Dogecoin markets. It is essential to closely monitor the current situation for better insight into potential changes.