Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
What to Expect in Bitcoin and Ethereum in the Coming Weeks? Here are the Remarks of Two Experts

What to Expect in Bitcoin and Ethereum in the Coming Weeks? Here are the Remarks of Two Experts

BitcoinsistemiBitcoinsistemi2024/08/18 00:24
By:Mete Demiralp

Two cryptocurrency analysts shared their predictions about Bitcoin and Ethereum prices in light of recent developments.

Cryptocurrency analyst Michaël van de Poppe evaluated various assets in light of the latest developments in the crypto market in his statement today.

According to the analyst, there has only been one other time so far where the Ethereum price has finished three consecutive months in the red zone, and that was at the beginning of the 2018 bear market.

Michaël van de Poppe, however, assessed the probability of Ethereum price rising above $3,000 in September as more than 80%.

Related News Goldman Sachs Analyst Says “FED Will Enter Interest Rate Cut Series”, Shares Expectations

Speaking about the OTHERS chart, which is the total market value of altcoins outside the top 10 cryptocurrencies, the analyst said that this chart is currently trending low at the “level of insecurity.”

Speaking about the cryptocurrency market in general, van de Poppe stated that their total market value has seen the bottom of the current correction movement and that the next week or two may be painful before the rebound.

Another crypto analyst, Ali Martinez, also shared his latest views on the market. According to Martinez, the Bitcoin price recently fell below its 200-day simple moving average. According to the analyst, this event can be seen as an opportunity in bullish periods, but a long stay below this level could mean the beginning of a bear market.

*This is not investment advice.

1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Floki Token Heads to Institutional Markets with Planned ETP Launch

The Floki cryptocurrency project is set to launch an exchange-traded product (ETP) in Europe by early 2025, making it only the second meme token, after Dogecoin, to achieve such a milestone. The Floki development team has collaborated with an unnamed asset manager and ETP issuer to create this inst

Bitget Academy2024/12/26 08:38