Bitcoin Price Prediction
As weekend approaches, Bitcoin and Ethereum are fueled to hit higher. The flagship crypto, only the fourth time in the previous four months surpassed $50,000. Bitcoin has been trading at its highest intraday level since August 23, 2021, when it touched $50,913.
At the time of writing, BTC is trading at $50,435 as it corrects gains. The next resistance from here is $51K. However, in case of a plunge, $47K will be the major support to hold.
Crypto analyst Micheal Van De Poppe in a latest YouTube update says, once BTC breaks above $51K, a catapult to $58,000 and $60,000 are likely.
He went on to say that in that case, cryptocurrencies, which have made significant gains this week, might lose a lot of ground to BTC.
Ethereum Price Prediction
Ether (ETH) hit $4,000 for the first time since May on Sept. 3 after a strong week of advances culminated in a significant price milestone. The reclaim is important as ETH has lost out on the same level the last time crypto market faced a sell off.
With $4,025 just $350 away from all-time highs, Ether broke out of its three-month trading range.
Analyst Van De Poppe in a recent tweet calls Ethereum the leader of the market. Contrary to popular, he says, when Ethereum goes up, the rest of the pack inclusive of Bitcoin goes up.
Adding to the bullish case for Bitcoin and Ethereum both is the crypto analyst “Cryptomist” on Twitter.
The analyst makes ambitious predictions for Bitcoin to hit $60K, and Ethereum to hit $5K in September.