Renowned analyst Alex Kruger predicts the growth of the two largest cryptocurrencies by market cap in the next few days.
Krueger told his 104,800 Twitter followers that a rally could be held later this year, supported by dealers without leverage.
Bitcoin (BTC) could rise to $ 55,000 while Ethereum (ETH) could hit a record high, the analyst said.
“I think the chances that BTC could rise by the end of the year are very high. Unsurprisingly, BTC peaks again at over $ 50,000 and ETH will bounce back to all-time highs.
There are too many players in the market who have sold and it can be difficult to change your mind and buy back. Those who sold will hate this rally. ”
At the time of writing, Bitcoin is trading at $ 46,400. Ethereum is trading at $ 3,900, nearly 20% below its all-time high of $ 4,878.
Krueger says he sees bitcoin skyrocketing from $ 50,000 to $ 55,000 in the mid-range due to the presence of an air bubble (which triggered a sharp drop).
“I thought BTC would rise by more than $ 50,000 because there was an air bubble.”
A source: Macro Kruger / Twitter
Krueger added that while the Federal Reserve System (FRS) has decided to raise rates from 2022 and cut back on asset purchases, the bull cycle is not over yet. However, the uptrend will see more corrections than in the past.
“The Fed has already started tightening the tightening and the asset purchase program has been phased out, so at the moment it is a good idea to lower growth expectations.
[Thị trường tăng giá] still works, but it’s not that easy anymore. “