Prominent crypto analyst Ali Martinez has issued an urgent warning that Bitcoin (BTC) could plummet to $95,000 if its weekly Relative Strength Index (RSI) drops below the 14-period Simple Moving Average (SMA). Historical data shows this pattern has preceded 20-30% corrections. Martinez also identified $111,000 as a critical support level using MVRV deviation bands, noting a breach could trigger deeper declines.
This warning aligns with broader market speculation about Bitcoin's "August curse" – historical summer retracements observed in 2017 and 2021. Robert Kiyosaki and Elon Musk's AI (Grok) echo concerns of a short-term dip, though Grok projects a subsequent rally to $114,000-$120,000. Kiyosaki stated readiness to double BTC holdings during any downturn, while Fundstrat's Tom Lee maintains a long-term $250,000 target by 2025.
Technical analysis emphasizes RSI's role as a momentum gauge: A break below the 14-period SMA would signal weakening bullish momentum. The MVRV ratio comparison (market cap vs. realized value) further identifies overvaluation risks. Investors are advised to monitor these indicators, diversify portfolios, and consider dollar-cost averaging amid volatility.