Bitcoin is currently riding the bullish wave in the midst of growing market optimism, which has caused the largest crypto asset to reach a new all-time high. However, a crypto analyst has warned that BTC’s price rally may not be favorable to late investors, suggesting a strategic approach from the new entrants in order to cut losses during market pullbacks.

Late Bitcoin Investors Face Higher Risk

In an insightful post on the X (formerly Twitter) platform, Ali Martinez, a seasoned market expert and trader, cautioned late Bitcoin investors that volatility may occur in the foreseeable future as the digital asset draws closer to key barrier levels.

The expert advises that while the long-term outlook for BTC is still promising, investors should be aware of short-term price swings and the difficulty of investing in an already established bull market. This simply implies that BTC’s recent upward momentum could be followed by sharp corrections in the upcoming days before surging once again to higher heights.

Ali Martinez made the cautionary post after citing a sell signal from the key Tom DeMark (TD) Sequential indicator on the 4-hour time frame, suggesting an impending price correction, possibly to the $72,000 level.

While the market expert anticipates a pullback to the $72,000 mark, he is confident that this bearish setup might be invalidated and a rally to the $78,000 level would be initiated with a persistent close above $75,400.

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Author: Godspower Owie