Cryptocurrency investors are facing a sobering outlook from on-chain analyst Ali Martinez, who warns of potential Bitcoin price downtrend. According to his recent analysis on X, Bitcoin may have already reached its peak on October 26th, potentially signaling the start of a significant macro downturn. This comes as many investors were anticipating continued growth after seeing bullish sentiment gain momentum. Martinez’s approach draws parallels between current market behavior and past cryptocurrency cycles. His assessment suggests that if historical trends repeat, we could be witnessing an early stage in a prolonged downward movement. The analyst’s Bitcoin price analysis relies heavily on on-chain data and historical cycle comparisons.** He highlights specific technical indicators and market behaviors that previously signaled major trend reversals. This analysis, which considers factors like historical cycle duration and market sentiment, is raising concern for investors.