Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) are showing multiple long-term bottom, according to technical analysis by a prominent analyst.
Bitcoin’s Macro Bottom Zone
In an X post on July 2, crypto chart analyst Ali Martinez pointed to historically reliable technical and on-chain indicators that suggest accumulation may be underway.
For Bitcoin, Martinez identified $48,300 as the most important long-term accumulation level.
The price corresponds to Bitcoin’s Investor Price, an on-chain metric that estimates the average acquisition cost of economically active coins by excluding permanently lost Bitcoin.
