Central finance platform Alex Mashinsky, CEO of Celsius Networkannounced its price predictions for the two largest cryptoassets by market cap.
Mashinsky, bitcoinHe predicts that (BTC) could drop as much as 20% from the current price before it turns bullish.
… we have very strong support in the $29,000 to $33,000 range. We are in range now. We keep jumping from that range. And the problem is that we may have to test these levels again. The market usually likes to test support.
Celsius Network CEO also claimed that after testing the critical support level, Bitcoin could rise more than 4 times from current levels:
If Bitcoin does what it did last time, it should go up at least 300% from here. That’s a little over $100,000! My estimate for this year is the same as what I said late last year: $140,000 to $160,000 before the year ends.
Ethereum (ETH), Mashinsky says, as the ecosystem expands and adoption rises, ETH could hit a new all-time high in late this year or early 2023.
I expect Ethereum prices to go to the $6,000 to $7,000 level. I think we’ll break it this year, or maybe early next year.
The biggest reason for this rise will be that the number of applications running on Ethereum continues to increase. And on the other hand, the network continues to evolve and grow.