It’s been just revealed that there’s a famous analyst and trader who addressed potential price paths for Bitcoin and Ethereum in the near future.
As you know by now, there have been a lot of price corrections in the crypto market lately that had some investors freaking out.
But true crypto lovers knew that these were only great times to buy the dip, and they did not panic.
Bitcoin new price prediction
The pseudonymous trader Credible Crypto looks at the charts and offers people an updated price forecast for Bitcoin (BTC) and Ethereum (ETH).
Looking at Bitcoin, the analyst believes that BTC has survived the worst of the recent selloff and is likely to surpass $50,000 again soon.
“I don’t think we see new lows yet. Expecting relief to mid-50k’s soon. We have swept both our local lows and bids are being filled across major exchanges here in the 45-47k range.”
At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $48k.
Ethereum price prediction for the near future
Credible Crypto also addressed Ethereum and says that the coin is stacking up against Bitcoin.
He said that a breakout above the 0.070 to 0.080 range in the ETH/BTC trading pair would bode well for altcoins.
Many asking if I’m still bullish on alts- nothing has changed but you must understand the lvl we reclaimed is a MONTHLY level. Intra-month we can wick below just like we wicked above in months prior. Alts may see some downside in coming weeks, but HTF remains bullish above GREEN. https://t.co/KRMA15v9Cs pic.twitter.com/XzLvTnJNEa
— Credible Crypto (@CredibleCrypto) December 15, 2021
At the moment of writing this article, ETH is trading in the green, and the coin is priced at $4,037.
Stay tuned for more crypto-related news, and also make sure to keep your eyes on the crypto market.