Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. An influential cryptocurrency analyst spotted on Monday a “golden entry window” for Bitcoin, serving as a launchpad for a new 4-year cycle. ‘Countdown To The Next Bitcoin Vertical Move’ In an X post, Ali Martinez stated that Bitcoin is nearing its “final discount” window before the next bull market. According to Martinez, if the current fractal pattern holds, the period between Oct. 6 and Oct. 16 could emerge as a prime entry opportunity with a buy zone between $41,500 and $45,000. In other words, they believe Bitcoin's price still has significant downside.
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If history repeats itself, Bitcoin is approaching the "final discount" window before the next bull market. If the fractal holds, we are looking at a golden entry window between October 6 and October 16,… pic.twitter.com/EzEk8QgjbU Martinez’s prediction coincided with Bitcoin’s relief rally on Monday after President Donald Trump said that the U.S. held “very good and productive conversations” with Iran. Bitcoin hit an intraday high of $71,782, accompanied by a 55% spike in 24-hour volume. Trending: Build your own AI-powered index in minutes — and earn an uncapped 1% match when you move your portfolio to Public. Learn how it works. The Puell Multiple indicator, which identifies market cycles by analyzing miner sell pressure, remains well short of “historical buy zones,” according to CoinMarketCap. Meanwhile, the Awesome Oscillator, which compares recent market movements to historic market movements, flashed a "Buy" signal for BTC, according to TradingView. Conversely, the Bull Bear Power indicator, which measures the strength of buyers and sellers, flashed a "Sell" signal. The Moving Average Convergence Divergence indicator also gave a bearish reading.
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