A popular crypto analyst on social media platform
Will BTC price bottom out around $49,000?
In a recent post on the X Platform, market commentator Ali Martinez proposed an exciting trading plan for Bitcoin, the world’s largest cryptocurrency by market capitalization. This strategy revolves around the CVDD (Cumulative Value Days Destroyed) channel.
CVDD is an on-chain technical indicator based on the amount of old capital sent to the market. This on-chain indicator is typically used to highlight zones of long-term support or resistance based on the movement of long-held coins.
The cumulative value destruction line is usually the lowest line of the channel and indicates a stage of severe undervaluation. A channel extension (a resistance band that is typically targeted by a bull market) is then created by applying a Fibonacci multiple to the base CVDD line.
CVDD channel @Alphractal Create a simple Bitcoin strategy $BTC:
• Purchased for around $49,330.
• Lock in profits between $178,478 and $273,158. pic.twitter.com/4k9nKyli0S— Ali Charts (@alicharts) March 7, 2026
From a historical perspective, Bitcoin price has never fallen below the CVDD line (baseline of the channel), which is marked as a relevant indicator for identifying the bottom of the cycle. Therefore, this line is often considered a major accumulation zone where investors often bet on a price reversal.
Source: @ali_charts on X
As shown in the highlighted chart, this CVDD line (blue) is currently around $49,330 and represents a potential bottom for Bitcoin during this bear phase. According to Martinez, this price range is also the best place to take positions in leading cryptocurrencies.
Market analysts are then saying to profit from this trade at resistance levels near $178,478 or $273,158. These $178,478 and $273,158 resistance levels are the channels CVDD 3.618x and alpha CVDD lines, respectively, and represent potential cycle tops for Bitcoin price.
If the price of BTC actually skyrockets from $49,330 to at least its all-time high of $178,478, that would represent an increase of more than 260% in one cycle. Meanwhile, the next resistance level requires another 53% rally from $178,478.
Bitcoin price overview
As of this writing, the price of BTC is around $67,350, reflecting a decline of more than 1% in the past 24 hours. The premier cryptocurrency is up just 1% on a weekly basis, 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
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