Analyst and trader Ali Martinez is leaning bearish on Bitcoin (BTC) as the flagship crypto asset sits around 20% below the all-time high.

Bitcoin’s all-time high was on March 14, 2024, trading at $73,750.07 per bitcoin. The lowest intraday price that the crypto traded in the past year was $25,781.12 on Sep. 13, 2023. The original crypto is up by 119% year over year.

The global digital asset market printed green indexes all around as Bitcoin (BTC) regained the crucial $60,000 level. The return of bulls has helped the biggest crypto to surge by over 12% in the last 7 days,

Bitcoin and Ethereum saw slight declines, while XRP surged 5% amid bullish market sentiment and expectations of a US interest rate cut. The global crypto market cap fell 1.13%.