Bitcoin (BTC) Might Be on the Verge of a Major Breakout—but Only If It Can Stay Above a Key Level

Bitcoin might be on the verge of a major breakout—but only if it can stay above a key level, says crypto analyst Ali Martinez.

Crypto analyst Ali Martinez says that Bitcoin (BTC) might be setting the stage for a major breakout—but only if it can stay above a key level.

In a post on Tuesday, Martinez explained that if Bitcoin manages to surpass and hold above the $94,000 zone, it could trigger a sharp rise toward the $112,000 zone. This prediction is based on the MVRV Extreme Deviation Pricing Bands, which highlight key market pressure zones.

At the time of writing, Bitcoin is hovering in the low $80,000s after briefly dipping earlier this month. It rebounded from a low of $76,606 on March 10, inching upward following the U.S. Federal Reserve’s move to ease the pace of its balance sheet reductions. That announcement gave the broader market a minor lift, with Bitcoin bouncing back into safer territory.

If Bitcoin fails to hold $76,000, the coin could retrace much further. A breakdown from that level may open the door for a drop to $58,000—or even as low as $44,000—if sentiment shifts more bearish.

Critical Levels Shaping Bitcoin’s Trend

Another well-followed analyst, Rekt Capital, added that the $84,000 zone plays a critical role in determining Bitcoin’s next direction.

According to Rekt, previous price action has shown long wicks below this mark, highlighting the need for a daily close above $84,000 to confirm a successful retest. A rebound from this support could generate enough momentum to push beyond the $94,000 barrier.

Chart: Rekt Capital

Clearing resistance at $94,000 would open the path toward $112,000 and signal the potential for a new all-time high.

Currently, Bitcoin fluctuates between the yellow mean band and the orange +0.5 standard deviation band, as identified by Martinez. A breakout in either direction will likely determine the short-term trend.

Meanwhile, long-term investor confidence appears to be strengthening. In a separate post on Tuesday, Martinez revealed that over 10,000 BTC had been withdrawn from exchanges in just one week.

This is often seen as a bullish indicator, suggesting that investors are moving their coins to private wallets with no intention of selling.

Chart: Ali Chart

Whales Accumulate, Signaling Bullish Shift

On Monday, blockchain analytics firm IntoTheBlock observed a shift in whale behavior. After months of selling pressure, whales have begun accumulating again. Their holdings have increased by roughly 62,000 BTC since the start of March, which may signal a reversal in sentiment.

Renewed interest from these large holders can often foreshadow a bullish phase.

Chart: IntoTheBlock

Another crypto analyst, Captain Faibik, predicts that Bitcoin might be setting the stage for a large breakout thanks to a Falling Wedge chart pattern.

According to Faibik, it might consolidate within this pattern for the next 10 to 15 days before triggering a dramatic move upward.

Chart: Captain Faibik

Faibik estimates the breakout target at $109,000, closely aligning with Martinez’s $112,000 projection.

If both analysts are correct, Bitcoin may not only retest its all-time high but also easily break through it, indicating a new phase in the ongoing bull market.