As the crypto halving event draws closer, all eyes are turning to the comments made by analysts. While the prices of Bitcoin and other cryptocurrencies are clearly on the decline, these analyst comments seem to carry more weight.
Analyst’s Predictions for Ethereum and Bitcoin
A popular crypto analyst in the cryptocurrency world has been listing his top price predictions for Ethereum (ETH) and Bitcoin (BTC) one after the other regarding the current bull market cycle.
The analyst named Credible attracted attention by telling his followers on social media platform X that Ethereum will surpass “at least” $10,000. However, he reiterated that Ethereum could realistically rise to $20,000.
He based this prediction on the gains he expects Bitcoin to see and added:
I think we have a chance to reach a peak near $20,000. It’s quite simple – I believe BTC can realistically double from our last high of $69,000 – which means most altcoins will multiply that. For ETH, 3-4 times the previous all-time high takes us to $15,000-$20,000.
While all this was happening, Ethereum was trading at $3,271 and had fallen more than 6% in the last 24 hours, causing concern among investors.
Analyst’s Opinion on XRP
Credible also stated in another comment that XRP could surpass the $10 level and pointed out that the altcoin, which centers payment systems, had exceeded Ethereum’s market value in a previous cycle.
The fact is, with the current circulating supply, $10,000 ETH is equivalent to $20+ XRP. So if you think $10 for XRP is impossible but $10,000 for ETH is realistic, you need to check your biases very quickly.
At the time of writing this article, XRP was trading at $0.59.
If we were to make shorter-term price predictions, the analyst indicated that Bitcoin could continue to trade at these price levels for a while longer.
Bids are now limiting or trying to limit the price downward, just as demands were previously limiting it upward. However, open interest is increasing, so we should experience a nice surge once we break out of this range.
As of the time of writing, the price of Bitcoin had fallen sharply to $65,615, causing unease among investors.
