Trader Unveils Bullish Targets on ‘Promising’ Bitcoin, Updates Outlook on Ethereum, Dogecoin and Solana - The Daily Hodl

A closely followed crypto analyst is revealing bullish targets for Bitcoin (BTC) while updating his outlook on a handful of prominent altcoins.

In a new strategy session, crypto trader Ali Martinez tells his 139,200 followers on the social media platform X that the top crypto asset by market cap looks poised to push to the $118,000 price level – a new all-time high – if it can finish with a daily close above $109,000.

“Despite the broader quarterly outlook shared in this video, the daily chart for Bitcoin. BTC looks promising. A daily close above $109,000 could open the door to a rally toward $118,000!”

Source: Ali Martinez/XBTC is trading for $109,644 at time of writing, a fractional increase on the day.

Moving on to smart contract platform Ethereum (ETH), Martinez says he expects more choppiness until the top altcoin closes outside the $2,227-$3,385 range.

“Heard a company added an inflationary asset like ETH to its balance sheet, and suddenly everyone’s bullish again. But let’s be real: I expect more chop until we get a sustained close outside the $2,227-$3,385 range.”

Source: Ali Martinez/XETH is valued at $2,579 at time of writing, a marginal increase on the day.

Turning his attention toward the meme asset Dogecoin (DOGE), Martinez notes that the popular dog-themed token appears ready to ascend to $0.19, potentially up to $0.26, after bouncing off a low.

“Dogecoin bounced from the lower boundary of this channel. Now targeting $0.19, with potential upside to the upper boundary near $0.26.”

Source: Ali Martinez/XDOGE is trading for $0.17 at time of writing.

Concluding his analysis with ETH competitor Solana (SOL), the trader says the smart contract platform looks poised to benefit if the crypto markets break out.

Source: Ali Martinez/XSOL is trading for $151 at time of writing, a marginal decrease during the last 24 hours.

Newsletter]

Generated Image: Midjourney