LIVE🔥💥 Here Are Realistic Price Targets for Bitcoin (BTC) and Ethereum (ETH) for a Bull Market at the Top: Crypto Analyst
A popular crypto analyst explains the peak price forecasts of Ethereum (#ETH ) and Bitcoin (BTC) for the current bull market cycle.
The pseudonymous analyst, known as Credible, tells his 384,800 followers on social media platform X that Ethereum will exceed $10,000 as a "minimum," but notes that eth could realistically go up to $20,000.
He bases the forecast on the gains he thinks Bitcoin will see.
“I think we have a chance to hit a peak/blow-out peak close to $20,000.
Quite simply - I think #BTC can realistically be 2x higher than our recent high of $69,000 - this means that most alt will do multiples of that.
For ETH, 3-4 times the all-time high takes us to $15,000-20,000.”
Ethereum is trading at $3,484 at the time of writing and has fallen by more than 3% in the last 24 hours.
Credible also noted that xrp can exceed $10, and payments have exceeded the altcoin's market value of Ethereum in a previous cycle.
"The reality is that in the current circulating supply, an ETH of $10,000 is equivalent to $20 + xrp. So, if you think that $10 for XRP is impossible but $10,000 for ETH is realistic, you need to check your bias very quickly.”
In terms of shorter-term forecasts, the analyst thinks that Bitcoin will continue to trade sideways for several more days.
Offers are now closing the downward price (or trying to ask the same way), previously it was closing the upward one. It's [Open interest] going up anyway, so we should get some nice volatility once we get out of that December.”
