The crypto market is flooded by all kinds of optimistic predictions about the price of Bitcoin and also the prices of some altcoins as well.
The latest relevant predictions come from Josh Rager.
Ethereum new prediction pops up
Crypto strategist and trader Josh Rager just predicted that Ethereum (ETH) is on the verge of starting a strong bullish rally in an attempt to catch up with Bitcoin (BTC).
On Twitter, he explained that ETH could surge as high as 75% and he expects the coin to break the resistance of $475.
At the moment of writing this article, ETH is trading int he green and the coin is priced at $461.16.
Added a big stack of ETH at the $442 support retest
I’m serious about not missing the eventual big move up to $700 to $800
Looking for a break of the previous range above
Will play this level by level with stops below my entry pic.twitter.com/bRk3omnpTM
— Josh Rager 📈 (@Josh_Rager) November 8, 2020
Bitcoin to hit $16k soon
Regarding Bitcoin, Rager believes that the coin will definitely hit $16k soon.
Reclaiming the previous range for Bitcoin would just show that this was a marvelous bear trap before sending the price over $16k pic.twitter.com/koQnLMfMJn
— Josh Rager 📈 (@Josh_Rager) November 8, 2020
At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $15,381.05.
ETH is surging higher while BTC is consolidating and the analyst believes that ETH will definitely catch up.
Check out another relevant tweet that he shared:
Let’s put this in perspective$BTC is currently only 26% away from its all-time high$ETH, on the other hand, is currently over 208% away from an all-time high price
Recently, ETH been outperformed by BTC but now looks quite bullish and has a lot of space to pump and catch up pic.twitter.com/R77sQZGHus
— Josh Rager 📈 (@Josh_Rager) November 7, 2020
Stay tuned for more info and keep your eyes on the market!
