Trader Says One Metric Suggests Bitcoin Could Surge to This New All-Time High Level, Outlines Path Forward for Ethereum, XRP and Dogecoin
A closely followed crypto analyst says that one metric is signaling Bitcoin (BTC) may surge to a massive new all-time high. In a new thread, crypto trader Ali Martinez tells his 145,200 followers on the social media platform X that, based on the short-term holder (STH) cost basis model, Bitcoin may increase more than 19% from its current value. The STH cost basis model is an on-chain metric that estimates the average price at which short-term Bitcoin holders acquired their coins. The metric can be used to spot potential entry and exit points. “As long as the $105,450 support holds, Bitcoin could be on track for a move to $125,230 and potentially $141,770, based on the short-term holder cost basis.” Source: Ali Martinez/X The analyst also uses the cumulative value-days destroyed (CVDD) metric, which looks at the value of each Bitcoin transaction while giving weight to the number of days since the coins were last moved. The CVDD is used to spot potenti...