A popular cryptocurrency analyst from social media platform
Will BTC price bottom around $49,000?
In a recent post on the X platform, market expert Ali Martinez presented an interesting trading plan for Bitcoin, the world’s largest cryptocurrency by market capitalization. This strategy revolves around the Cumulative Value Days Destroyed (CVDD) channel.
CVDD is an on-chain technical indicator based on the amount of retirement capital flowing into the market. This on-chain indicator is typically used to highlight long-term support or resistance areas based on the movements of long-term held coins.
Typically, the lowest line in the channel, the Cumulative Days to Decay line, indicates a severe undervaluation phase. Fibonacci multiples are then applied to the underlying CVDD line to create a channel extension (a resistance band typically targeted in bull markets).
CVDD Channel @Alfractal I present a simple game plan for Bitcoin. $BTC:
• Buy near $49,330.
• Earn between $178,478 and $273,158. pic.twitter.com/4k9nKyli0S— Ali Charts (@alicharts) March 7, 2026
From a historical perspective, the price of Bitcoin has never fallen below the CVDD line (the baseline of the channel), which is seen as a relevant indicator to identify cycle bottoms. Therefore, this line is often considered a key accumulation area where investors bet on a price reversal.
Source: @ali_charts on X
As can be seen in the highlighted chart, this CVDD line (blue) is currently around $49,330, indicating a potential Bitcoin bottom during a bearish phase. According to Martinez, this price range also represents the perfect spot to take a position in the flagship cryptocurrency.
Next, the market analyst says to take profit from this trade around the resistance level of around $178,478 or $273,158. These $178,478 and $273,158 resistance levels are the channel’s CVDD 3.618x and Alpha CVDD lines, respectively, and represent potential cycle highs for Bitcoin price.
If the BTC price actually surges from $49,330 to at least $178,478, this would represent a rally of over 260% in one cycle. Meanwhile, another 53% upside is needed to reach the next resistance level at $178,478.
Bitcoin Price Overview
As of this writing, the BTC price is around $67,350, down more than 1% in the last 24 hours. The top cryptocurrency rose barely 1% over the weekly period, according to data from CoinGecko.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Featured image from iStock, chart from TradingView
editing process for focuses on providing thoroughly researched, accurate, and unbiased content. We adhere to strict sourcing standards and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of the content for readers.
