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

An influential cryptocurrency analyst flagged Bitcoin’s (CRYPTO: BTC) 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.