A popular analyst thinks investors have one last chance to accumulate bitcoin (BTC) and ethereum (ETH) at lower levels. Before the markets enter another bull rally.

Bitcoin price above $60,000?

Anonymous analyst Rager tells his 199,300 followers on social media platform X that he is keeping some capital on the sidelines in anticipation of another pullback.

According to Rager, bitcoin and ethereum could see a correction around the April halving, once the block subsidy for bitcoin miners cuts in half. Looking at bitcoin, Rager thinks BTC is ripe for a short-term pullback. According to the analyst, there will be another pullback before bitcoin rises above $60,000.

The only period of sustained upside without a significant pullback was from October to January, with investors front-running the adoption of the BTC spot ETF (exchange-traded fund). At the time of writing, Bitcoin is trading at ~$51,700.


As for Ethereum, Rager thinks this cryptocurrency is poised to move higher.”The question is how long can ETH stay above $3,000 this time? The target remains $3,500 for this rebound, and with the talks about the ETH spot ETF, I think we can get there sooner rather than later.”

Source: https://bitcoinmagazine.nl/nieuws/analist-laatste-grote-kans-om-bitcoin-btc-en-ether-eth-te-kopen-voor-bullrally

Leave a Reply

Your email address will not be published. Required fields are marked *