Ali Martinez: bitcoin has a chance to rise to $ 122,000

After the weekend, the cryptocurrency market suffered significant losses that coincided with a decline in stock indices. Bitcoin BTC $96,245.42 Bitcoin -0.23% Market capitalization $1.91 trillion VOL. 24 hours $1.04 billion fell by more than 5%. Ethereum ETH $2,820.84 Bridged Ether (StarkGate) 2.15% Market capitalization $0.25 billion VOL. 24 hours $1.72 billion lost 3.8% and is trading at $ 3,203, while Dogecoin DOGE $0.03 Department Of Government Efficiency -1.43% Market capitalization $29.78 million VOL. 24 hours $92.66 million fell 7.07% to $ 0.3299. The total capitalization of the crypto market decreased by 3.65% and now stands at $ 3.47 trillion.

The sharp drop in the price of bitcoin occurred on Sunday evening. The total volume of liquidated positions over the past 4 hours amounted to $ 400 million, with long positions accounting for the majority of losses ($ 389 million). The increase in open positions indicates the intensification of short sales.

In general, the cryptocurrency market remains under the influence of unstable sentiment. Nevertheless, analysts expect possible growth. One of the most popular crypto analysts, Ali Martinez, predicts a significant growth potential for bitcoin to reach $ 122,000 if the recovery from the head and shoulders pattern is confirmed.

Amid this volatility, stock futures are also showing a decline. For example, Dow Jones futures fell by 0.41%, S&P 500 by 0.94%, and Nasdaq 100 by 1.79%. Analysts point to the deterioration of trade relations, new duties imposed by the Donald Trump administration, and increased attention to Chinese AI technology DeepSeek as the reasons for the decline.