Several crypto analysts are predicting a massive bull run later this year, with significant price increases for Bitcoin, Ethereum, and altcoins.
Bitcoin and Ethereum to the Moon?
Ash Crypto believes Bitcoin will hit $150,000, and Ethereum will reach $8,000 by the end of the year. He expects a major breakout in October, pushing Bitcoin to between $150,000 and $180,000 by December. He thinks Bitcoin will bottom out this month, between $94,000 and $100,000. He advises investors to be patient.
Stockmoney agrees, predicting significant price movements for both Bitcoin and Ethereum in Q4. He points out that Bitcoin’s historical patterns show large price increases in the fourth quarter, often following a period of consolidation. His analysis suggests Bitcoin could reach $180,000 by the end of the year.
Altcoin Season on the Horizon?
The excitement isn’t limited to Bitcoin and Ethereum. Milk Road suggests altcoin season might already be underway. Ethereum’s strong performance (up around 110% over the last two quarters, compared to Bitcoin’s 34%) historically signals the start of an altcoin boom. While not officially “altcoin season” yet (75% of the top 50 coins need to outperform Bitcoin), data shows more altcoins are outperforming Bitcoin. Ash Crypto predicts altcoins could see gains of 10x to 50x in Q4.
Current Market Conditions
At the time of writing, Bitcoin is trading around $112,000.
