Bitcoin at a crossroads: a trader warns of a possible collapse to $ 93,000

Crypto trader Ali Martinez has warned investors that bitcoin BTC $75,184.84 Mezo Wrapped BTC -0.87% Market capitalization $0.1 billion VOL. 24 hours $0.63 billion may repeat a correction similar to the events of April 2025. In a series of posts on the X platform, he called $ 107,200 a key support level for BTC. According to him, if it is lost, the price could fall first to $ 100,000 and then even to $ 93,000 by the end of the year.

The analyst showed a chart that shows that if the current development model continues, it could trigger a significant market decline. At the same time, he noted that large bitcoin holders are actively buying coins: in the last week alone, they have purchased 30,000 BTC. At the time of publication, bitcoin was trading at $ 109,520, showing a slight decrease over the day.

warned about the fall of bitcoin to Bitcoin at a crossroads: a trader warned of a possible collapse to $ 93,000

Regarding Ethereum ETH $2,328.96 Bridged Ether (StarkGate) -1.29% Market capitalization $42.73 million VOL. 24 hours $0.49 billion , Martinez noted that after an unsuccessful attempt to hold the $ 4,000 level, the probability of a price drop to $ 3,500 has increased. He emphasized that the failure of this level could pave the way for further declines.

Among other important support levels for ETH, the trader highlighted $ 3,515, $ 3,020, and $ 2,772. According to him, these are the levels that traders who monitor the development of the second-largest cryptocurrency market should focus on.

As of the time of the comment, Ethereum was trading at $ 4,000, reflecting a slight increase over the past 24 hours.