Kraken Analysts Explaining Bitcoin And Ethereum Forecasts “We Are Bullish On BTC And ETH!” Said!

Bitcoin (BTC) and Ethereum (ETH) It is wondered what the next step will be for the crypto money markets, which had a good week, especially in the first place.

In this context, some analysts think that the bottom is found, while some analysts think that Bitcoin and altcoinHe predicts that there will be a further decline in prices.

BTC and ETH Analysts of the leading cryptocurrency exchange Kraken, which made a price prediction for Bitcoin, examined the past price movements of Bitcoin.

Analysts’ price predictions are based on how many times the price of BTC has risen after hitting its 200-week moving average in previous bull runs.

“We have seen the Bitcoin price historically increase 10-15 times after touching its 200-week moving average.

This means that in the future, BTC will rise towards a price range of $237,894 to $356,841.”

Ethereum Forecast!

Biggest altcoin other than Bitcoin Ethereum Kraken analysts, who also have a price forecast for the coin, used the Ethereum logarithmic chart and ETH’s rainbow chart for their forecasts.

Analysts, who stated that the ETH rainbow chart is in an uptrend, “The longer it takes for ETH to reach the next level of resistance, the higher the peak of the potential market cycle will be.” said.

Stating that a potential move to the next upper band on the rainbow chart will bring ETH to $ 28,471, analysts stated that such a move would mean a 1.839% rise in ETH price.

Price increase in the last 24 hours bitcoin at $20,685 at the time of writing, etherum It is trading at $1,538.

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