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Bitcoin And Ethereum Rallies Are Underway – How High Can The Cryptos Go?

The crypto market looks pretty mixed today, with the most important coins out there trading in the red. Check out the latest reports about the prices of digital assets below.

Bitcoin and Ethereum price predictions

The most important digital assets by market cap are trading in the red today. At the moment of writing this article, BTC is priced at $19,150, and ETH is trading at $1,285.

It’s just been revealed that a popular crypto strategist and trader is predicting rallies for Bitcoin (BTC) and Ethereum (ETH).

Analyst Justin Bennett said recently that Bitcoin has successfully broken above its diagonal resistance, a trendline that has kept the market bearish since November 2021.

“BTC reversed today right from the linear trend line from the all-time high.”

It’s important to note that the diagonal resistance is out of the way, and Bennett says Bitcoin is gearing up for a nearly 40% rally to his target of around $27,000.

“It’s over.”

In the short term, however, he said that Bitcoin could still move below $19,000 before starting its rally.

“There’s a liquidity gap at $18,500. Markets are still sideways with lower wicks to fill, and we’re going into a weekend. Not to mention the deviation above $19,540.”

Looking at the leading smart contract platform Ethereum, Bennett says ETH looks bullish after managing to recover a key support level.

“What a bullish reclaim from ETH. Bears in disbelief. Send it.”

Bitcoin can protect wealth

It’s been reported that the Rich Dad Poor Dad author Robert Kiyosaki is issuing a dire warning. He is currently saying investors must protect their wealth from an impending economic collapse.

Kiyosaki made sure to highlight the fact that investors can keep their capital intact amid an economic meltdown by loading up on gold, silver and Bitcoin (BTC).

He also dropped a piece of advice to his followers to create income streams through entrepreneurial endeavors.

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