Bitcoin, Ethereum: Are The Glory Days Over? Crypto Analyst Warns Of Diminishing Returns
Portfolio Pulse from Murtuza Merchant
Crypto analyst Guy Turner from Coin Bureau has highlighted a trend of diminishing returns for Bitcoin (BTC) and Ethereum (ETH). His analysis is based on historical gains through key zones of support and resistance. Turner suggests that BTC has diminishing returns over time, which is typical for any asset as it matures. He forecasts a potential 3x gain from Bitcoin's current key zone to its next peak, suggesting a Bitcoin price of around $120,000 in the next cycle. Similarly, Ethereum is predicted to have a 7x gain from its current zone, hinting at a possible price of $15,000.
October 27, 2023 | 3:10 pm
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Bitcoin is predicted to have diminishing returns over time, with a potential 3x gain from its current key zone to its next peak, suggesting a Bitcoin price of around $120,000 in the next cycle.
The analysis by Guy Turner suggests that Bitcoin, like any maturing asset, will have diminishing returns over time. However, he still predicts a potential 3x gain in the next cycle, which could drive the price up to around $120,000.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ethereum is predicted to have a 7x gain from its current zone, hinting at a possible price of $15,000 in the next cycle.
Guy Turner's analysis suggests that Ethereum is following a similar pattern to Bitcoin, with diminishing returns over time. However, he predicts a 7x gain in the next cycle, which could drive the price up to around $15,000.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100