Where Do Bitcoin And Ethereum Go From Here?
Portfolio Pulse from Khyathi Dalal
Cryptocurrency trader smileycapital provides insights on the current crypto market, predicting a bottoming process for altcoins and a range-bound nature for Bitcoin. Ethereum is expected to perform well against Bitcoin, with potential renewed interest in Q4. Active traders are advised to focus on profit-taking, while passive investors should consider long-term positions in undervalued altcoins.
June 18, 2024 | 7:35 pm
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NEUTRAL IMPACT
Bitcoin is expected to remain range-bound with potential breakout in October-November. Price targets of $30,000 to $50,000 are likely off the mark, with significant price compression expected.
Bitcoin's price is expected to remain within a range, with potential breakout later in the year. This suggests a neutral short-term impact on its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ethereum is expected to perform well against Bitcoin, with potential renewed interest in Q4 despite poor timing for an Ethereum ETF launch.
Ethereum's performance against Bitcoin is expected to improve, with potential renewed interest in Q4. This suggests a positive short-term impact on its price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100