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COINTURK NEWS > Cryptocurrency News > Expert Analyst Rager Shares Bitcoin and Ethereum Price Predictions
Cryptocurrency News

Expert Analyst Rager Shares Bitcoin and Ethereum Price Predictions

In Brief

  • Renowned crypto analyst Rager outlines Bitcoin's path to $83,000.

  • Short-term expectations include Ethereum hitting $2,500 soon.

  • Bitcoin block reward halving may lead to new highs by 2025.

  • Just cryptocurrency news, no bullshit: BH NEWS

COINTURK NEWS
COINTURK NEWS 2 years ago
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The closely followed crypto analyst and strategist Rager has shared a roadmap for Bitcoin (BTC) to reach its long-term target of $83,000. The analyst also stated that he expects the king of altcoins, Ethereum (ETH), to reach $2,500 in the short term.

Contents
Bitcoin Price Expected to Approach $50,000 in the Short TermNext Stop for Ethereum’s Price: $2,500

Bitcoin Price Expected to Approach $50,000 in the Short Term

The anonymous crypto analyst Rager, on his social media platform X’s (formerly known as Twitter) account, has expressed his expectation for Bitcoin to approach $50,000 by the next month. Rager warned of a significant surge in BTC as it approaches the block reward halving expected in 2024, followed by a sharp correction towards the $30,000 level.

According to the analyst, the largest cryptocurrency will continue its rise towards the all-time high of $83,000 by 2025 after the block reward halving:

I expect a pullback to mid or below $30,000 after a rally to $48,000 by mid-January. After the block reward halving, a rally could lead to a new peak by the end of 2024.

By the beginning or middle of 2025, I expect it to reach an all-time high and set a record. The bull market will probably end in the third quarter of 2022.

As it is known, the block reward that Bitcoin miners receive per block in BTC decreases by approximately 50% every four years. The next Bitcoin block reward halving is expected to occur in April 2024.

Next Stop for Ethereum’s Price: $2,500

Following Bitcoin, looking at the largest smart contract platform Ethereum’s ETH, Rager said that the altcoin king is ready to rise to $2,500 in the short term. In his ETH commentary, the analyst noted:

ETH is slowly gaining strength over time. Eventually, its price will likely come to a nice target of $2,500. It made a nice move this weekend, but I am not always a fan of following weekend rallies.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 4 December, 2023 - 12:13 pm 4 December, 2023 - 12:09 pm
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