Analyst Weighs In: Bitcoin Soared Nearly 11% Last Week, But Where's the Next Resistance Coming?

An influential cryptocurrency analyst flagged Bitcoin’s BTC/USD next resistance level and a potential bearish signal amid the apex cryptocurrency’s resurgence this week. What Happened : Ali Martinez , known for his technical and on-chain analysis of top cryptocurrencies, cautioned Saturday that Bitcoin could face “heavy” resistance between $94,125 and $99,150, potentially halting its upside. He called it a “critical zone” where 2.

61 million wallets have accumulated 1.76 million BTC. #Bitcoin $BTC faces heavy resistance between $94,125 and $99,150, where 2.



61 million wallets accumulated 1.76 million BTC. A critical zone to watch! pic.

twitter.com/FJoojPs4P4 Martinez also identified bearish signs from some key technical indicators. He noticed a bearish divergence against the Relative Strength Index on BTC’s 4-hour chart, as well as “multiple” sell signals from the TD Sequential indicator.

#Bitcoin $BTC is showing bearish divergence against the RSI on the 4-hour chart, with the TD Sequential flashing multiple sell signals. Caution is warranted! pic.twitter.

com/EdwgsIFiT2 See Also: SEC Zooms In On Nayib Bukele-Led El Salvador’s Crypto Regulation Model Interestingly, exchange netflows were positive in the last 24 hours, as indicated by IntoTheBlock, implying that more BTCs were being accumulated than deposited. Why It Matters : These forecasts come amid Bitcoin’s sharp recovery this week, pushing through the $94,000 mark for the first time since early March. The rebound has spurred a wave of bullish predictions, with leading multinational bank Standard Chartered reiterating a $200,000 year-end price target and a $500,000 target for 2028 for the asset.

Moreover, in its Big Ideas 2025 report, Cathie Wood- led asset management firm Ark Invest upgraded its bear, base, and bull cases for Bitcoin’s price in 2030 at approximately $300,000, $710,000, and $1.5 million, respectively. Price Action : At the time of writing, Bitcoin was exchanging hands at $94,318.

49, up 0.65% in the last 24 hours, and 10.88% over the week, according to data from Benzinga Pro .

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