Bitcoin's Two-Year Bull Run At Risk? Analyst Says Chart Hints At 'Potential Trend Shift' — Asks Followers To Watch This Level Closely

On Thursday, prominent cryptocurrency analyst Ali Martinez shared insights on Bitcoin’s (CRYPTO: BTC) potential price movements.

What Happened: The analyst urged his followers to monitor the $74,000 level closely. Sharing a weekly Bitcoin-Tether (CRYPTO: USDT) chart, he noted that losing this key support could indicate a “potential trend shift.” He noted that such a shift would be the first one since January 2023.

A sell signal occurred during the bearish trend in 2022, while a buy signal marked the start of a strong uptrend in early 2023, according to the shared chart.

Between January 2023 and now, Bitcoin has surged from $16,625.08 to over $80,000, marking a nearly 390% gain during this period.

Watch $74,000 closely! The weekly chart hints at a potential trend shift if #Bitcoin $BTC loses this key support. The first major one since January 2023! pic.twitter.com/taNh5dLSQT

— Ali (@ali_charts) March 14, 2025

Martinez noted, in a separate post, that long-term holders have been accumulating Bitcoin. He said that these holders have added 131,000 BTC to their wallets in the past month.

Long-term #Bitcoin holders have been on a buying spree, adding over 131,000 $BTC to their wallets in the past month! pic.twitter.com/7CWlWXX2uh

— Ali (@ali_charts) March 13, 2025

On the other hand, Ali, noted that 36,000 BTC have been withdrawn from exchanges in the 96 hours. This move is seen as a positive sign for the market, as it indicates confidence among investors who are holding onto their assets despite price volatility.

Over 36,000 #Bitcoin $BTC have been withdrawn from exchanges in the last 96 hours! pic.twitter.com/BVOhL0I6uO

— Ali (@ali_charts) March 13, 2025

See Also: Libra Token Fallout: Argentine Lawyer Demands Extradition Of Project Creator From US

Why It Matters: The current landscape for Bitcoin is marked by significant developments and varied perspectives. Recently, President Donald Trump announced a Strategic Bitcoin Reserve, which, while initially seen as bullish, ultimately disappointed investors due to its reliance on seized assets rather than new purchases.This move reflects a shift in government attitudes toward digital assets, though its impact on Bitcoin’s price has been mixed. Additionally, regulatory clarity has been a focus, with the SEC providing relief by closing non-fraud investigations and clarifying its stance on memecoins.

Meanwhile, Bitcoin’s price has experienced volatility, dropping from an all-time high in January 2025 to recent lows below the psychologically important $80,000 level, influenced by macroeconomic factors and market sentiment.

Price Action: At the time of writing, Bitcoin was down 2.6%, trading at $81,351, according to data from Benzinga Pro.

Image via Shutterstock

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This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal