Bitcoin and Ethereum: Analysis of Current Trends and Future Predictions Post-Halving
Bitcoin has surpassed the $67,200 mark following the halving event and is currently trading around $66,800, while Ethereum remains steady at $3,200. Historical data indicate that the previous three halvings led to significant price increases for Bitcoin within 50-100 days. QCP Capital predicts that this pattern of price increase may repeat, allowing Bitcoin investors to establish larger long positions in the coming weeks.
Jag Kooner, an expert from Bitfinex, notes that although Bitcoin’s price has recovered, the market still lacks liquidity, and it is too early to declare the end of the current correction cycle. He also warns that the use of leverage could result in further liquidations.
Kristian Haralampiev from Nexo emphasizes that for a sustainable upward trend to be confirmed, Bitcoin needs to surpass the $69,000 to $70,000 range. In summary, while maintaining a price above $66,000 is a positive signal, further observation of market liquidity and resistance levels is necessary to confirm the upward trend
