Crypto Analyst Ali Martinez Warns: Bitcoin's $94,000 Level Under Threat As Technical Indicators Flash Red Signals

Bitcoin is flashing warning signs that suggest the bull market momentum may be losing steam. After failing to hold the $110,000 support level for the first time in weeks, the world’s largest cryptocurrency dropped to an eight-week low of $107,900, triggering renewed concerns among traders about what comes next.

Multiple Technical Indicators Point Toward Downside Risk

The current market conditions have caught the attention of prominent analysts. Crypto researcher Ali Martinez highlighted that several technical signals have aligned to suggest a potential trend reversal. The MACD indicator recently turned bearish this week, creating a crossover that coincides with price weakness. More critically, the Bitcoin MVRV Momentum indicator has formed what’s known as a death cross, signaling a macro momentum shift from positive to negative territory—a pattern historically associated with market cycle peaks.

These developments mirror what occurred before the 2021 bull cycle ended. At that time, Bitcoin rallied to $70,000, but a bearish divergence formed between price action and the Relative Strength Index (RSI), with the cryptocurrency hitting higher highs while RSI made lower lows. The same setup is now appearing on current charts, according to Ali Martinez’s analysis.

The $108,700 Level Becomes Critical

Ali Martinez emphasized that the $108,700 support level represents a crucial inflection point for Bitcoin’s near-term trajectory. If BTC closes below this level on a weekly basis, it would confirm a deeper structural shift—the same type of breakdown that preceded Bitcoin’s extended decline from its 2021 peak.

Should this support fail, the cryptocurrency faces a cascade of lower support levels. The next potential targets include $104,500, followed by $97,000, with significant risk of testing the $94,000 zone, which represents the midpoint of Bitcoin’s macro trading range. This scenario would mirror the 2021 pattern when Bitcoin lost its local range above $58,000, leading to retests of lower macro support zones over subsequent months.

Divergent Views On Support Levels And Recovery Timeline

Not all analysts share the same bearish perspective. Altcoin Sherpa suggests that Bitcoin should find strong support between $103,000 and $108,000, noting that the 200-day Exponential Moving Average (EMA) currently sits around $104,000—providing a potential floor for further decline.

Analyst Ted Pillows takes a different stance, identifying $124,000 as the local market top. According to Pillows’ analysis, Bitcoin typically establishes its market bottoms after retesting the weekly 60 EMA, which currently resides near the $92,000 support zone. Based on this framework, Pillows suggests Bitcoin could initiate a reversal after 3-4 weeks, potentially setting up conditions for a new all-time high by November or December of this year.

Current Market Status And What’s At Stake

At the time of this analysis, Bitcoin was trading at $107,947, representing a 7.5% weekly decline. The cryptocurrency’s current position leaves it vulnerable to further downside, with multiple technical precedents suggesting caution for short-term traders. The coming weeks will be crucial in determining whether Bitcoin can stabilize near current support levels or faces a deeper retest toward the $94,000 region that Ali Martinez and others are monitoring closely.

The divergence between bullish and bearish scenarios underscores the uncertainty gripping cryptocurrency markets as traders await clearer directional signals from on-chain data and macro technical patterns.