Bitcoin and Ethereum: A Valuable Insight
Crypto analyst Rager recently shared valuable insights for Bitcoin and Ethereum investors ahead of the upcoming bull run. He believes that the best time to invest in these two crypto tokens is around the Bitcoin Halving. Rager predicts a “nice dip” between now and May, presenting an ideal opportunity for investors to position themselves for the bull run.
Bitcoin’s Potential Run to $60,000
Rager suggests that Bitcoin could drop to $48,000 before he invests. He analyzes Bitcoin’s current price action, noting a pattern of strong price action followed by pullbacks. Despite this, he sees significant upside potential for Bitcoin and the broader crypto market. However, he warns of a possible short-term pullback, which could be the last chance to invest before the bull run. Rager predicts that Bitcoin will break the $60,000 resistance level once this pullback is complete.
Ethereum’s Target: $3,500
Rager sets a target of $3,500 for Ethereum in the current bullish momentum. He believes this could happen soon, aided by rumors of the Ethereum Spot ETF. Industry experts are optimistic about the approval of these funds. Rager sees $3,500 as the first target for Ethereum in this bull run, but not the peak high. He notes that the peak of the bull run is still far off, based on crypto fundraising data indicating lower levels compared to peak bull market activity.
