Martinez pointed out key resistance levels. He mentioned that the previous two rejections led to pullbacks of 30% and 39%. He warned that a third failure would represent a significant structural failure, potentially dragging Bitcoin down towards the February low of nearly $60,000, forming a triple top pattern. Conversely, if a breakout occurs above this level, it would open the path for Bitcoin to reach between $80,000 and $84,000, confirming that the macro correction may have ended.
Meanwhile, the activity of whale investors reflects market confidence. According to Martinez, large holders have purchased 10,000 Bitcoins in the past 96 hours, alleviating selling pressure and often prompting smaller traders to follow these investors, known as “smart money.”