Ramazan Eles 
Cryptocurrency analyst Ali Martinez has shared his expectations for Bitcoin price and the overall cryptocurrency market in a recent statement. Here are the details.
Prominent cryptocurrency analyst Ali Martinez shared his analyzes containing his thoughts on Bitcoin and the general cryptocurrency market in a statement. According to the analyst, the ETH/BTC pair made a move above the 365 simple moving average ratio, which he sees as an early sign of an altcoin season according to his own claim.
Also touching on the fear and greed index for Bitcoin, the analyst commented on this index, which is currently in fear territory with 30. According to the analyst, despite being on the fear side, the BTC price jumps when least expected.
Continuing his comments on Bitcoin, Martinez stated that 14,000 BTC have been sent to cryptocurrency exchanges in the last four days, which means a transfer of $851 million. This is one of the factors that reveals the fear picture in BTC.
However, Martinez said that despite the cryptocurrency market sending such high amounts of coins to exchanges, a Bitcoin whale is making purchases while the BTC price is at the bottom. He also stated that this caused a jump in the BTC buy/sell ratio.
According to the analyst, individual BTC investors are also making a comeback to the market. The number of new BTC addresses on the network has increased to 352,124, the highest level since April.