Bitcoin And Ethereum Predictions Following Price Surge | CryptoGazette
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The crypto market looks great today after the recent price surge that Bitcoin and ETH saw. At the moment of writing this article, both BTC and ETH are trading in the green.
BTC is trading at $47k and ETH is priced at $3,308. Check out the latest price predictions for the two coins below.
A popular crypto analyst and trader is mapping out what’s next for Bitcoin (BTC) and Ethereum (ETH).
Pseudonymous crypto strategist Pentoshi said that he expects Bitcoin to sustain its rally until BTC hits its yearly open at $46,000.
Pentoshi also explained that he plans to reassess and see how Bitcoin reacts once BTC hits his near-term target.
“Still waiting to see how price trades around yearly open. The previous times I targeted it we came up short but got very close. Although this time looks better for BTC. Almost there.”
Pentoshi also explained that he’s closely following the impact of the buy-side pressure coming from Terra (LUNA) co-founder Do Kwon.
He said that Terra’s massive Bitcoin accumulation can ignite the next leg of BTC’s bull market.
“2,500-3,000 BTC per day of supply removed over a long period of time = huge impact. Those who are short have to cover higher at some point as supply itself dissipates. What is scarce, becomes more so. This clip can bring back the apes, in which [Do Kwon] is the lord of the Apes.”
There are all kinds of optimistic predicitons about the price of digital assets these days.
Festival for the decentralized world
In other news, an exciting event is set to take place in the crypto space this June. Check out the latest reports in the tweet below.
It’s been just revealed via the official website that The 2022 Consensus Festival experience is the must-attend crypto, blockchain, Web3 tech event of the year.
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