Amidst the massive efforts that the crypto market is making in order to recover from recent price losses, there are still optimistic price predictions in place. Check them out below.
BTC and ETH new price predictions are here
A popular crypto analyst who nailed Bitcoin’s 2018 bottom believes that BTC and Ethereum (ETH) are gearing up for some bullish moves.
The pseudonymous analyst Smart Contracter said recently that Bitcoin has completed a five-wave rally on the four-hour chart and is now likely poised for a corrective move back down to the $20,000 level.
“Nice five-wave rise from the lows on four-hour for BTC. I’ll be looking to long any pullback below $20,500 over the next few days.”
While Smart Contracter is short-term bearish on BTC, he believes that BTC could be carving a cycle bottom.
“I can also see a higher timeframe weekly swing failure pattern/double bottom forming too… At minimum, [I’m targeting] the range highs on weekly around the $24,000-$25,000 mark.”
At the moment of writing this article, BTC is trading in the red and the king coin is priced at $21,352.
Regarding Ethereum, Smart Contracter predicted that a sharp pullback for the leading smart contract platform could come before putting together a massive bullish move toward his target of $2,400.
“The ETH C-wave down is now probably underway, correcting the five-wave rise from the July lows.”
At the moment of writing this article, ETH is also trading in the red and the coin is priced at $1,611.
News about Ethereum Merge is out
Accoridng to the latest reports reaching the crypto space, the chief executive of crypto exchange platform BitMEX says he’s concerned that Ethereum’s (ETH) upcoming transition to a proof-of-stake (PoS) consensus mechanism may not happen.
In a recent interview on the Bankless podcast, CEO Arthur Hayes made sure to explain the fact that he and many others don’t believe the merge will actually take place.