Forecasted Bitcoin Peak Nearing, Analyst Adjusts Bitcoin Price Prospects, Analyst Alters Ethereum Forecasts
Laid-Back Crypto Insights
Buckle up, crypto enthusiasts! Bitcoin and Ethereum, the OGs of the digital asset world, are looking pretty juicy according to popular trader Kaleo. Here's the scoop:
In his latest tweetstorm on X, Kaleo predicts a massive breakout for Bitcoin, indicating the flagship crypto could hit a whopping $116,000 by next week. Yes, you read that right! The analyst believes that Bitcoin might finally be breaking free from its traditional four-year cycle and is in for a long, high-flying supercycle. Bitcoin is currently pegged at around $107,000, down a little over 2%.
As for Ethereum, Kaleo sees some similarities to its 2020 price action, hinting at a potential explosive uptrend. He suggests that a reclaim of key resistance levels could set the stage for another great ETH bull run and an "alt season." Ethereum is trading at $2,750, down almost 4% on the day.
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Industry Announcements- Meta Earth Network 2.0 is blazing the Web3 trail, rolling out rewards and global events.- Perceptron Network teams up with BlockMesh to create an end-to-end decentralized AI data infrastructure.- Bubblemaps and TON have joined forces, enhancing transparency within the Telegram blockchain universe.- NATIX Network has launched DePAI, a combo of DePIN infrastructure and decentralized AI, promising cutting-edge innovation.- BitVault secured $2 million from GSR, Gemini, and Auros for its BTC-backed money initiative.- TAC snagged $11.5 million to bring DeFi to the one-billion-user Telegram ecosystem.- Falcon Finance kicks off the pilot season of Falcon Miles, a points program rewarding ecosystem participants.
So there you have it! Keep an eye on The Daily Hodl for all the latest updates on the crypto world. We cover everything from Bitcoin, Ethereum, trading, alts, blockchain, and more, to ensure you're always in the know.
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[1] https://cointelegraph.com/news/bitcoin-btc-leads-s-p-500-in-market-capitalization-AND-performance[2] https://decrypt.co/103576/ethereums-price-doubled-thanks-eth2-staking-frenzy[3] https://www.newsbtc.com/analysis/bitcoin/s-and-p-500/bitcoin-sandp-500-correlation-similar-bull-runs-predicted/[4] https://markets.businessinsider.com/news/stocks/bitcoin-etf-flows-fall-after-recent-rip-as-btc-price-temperature-drops-2021-6-1030317817[5] https://ethnews.com/eth-price-crossed-3000-why-should-you-care
https://www.coindesk.com/markets/2021/06/24/crypto-markets-could-crash-and-plunge-by-90-analyst-warns-heres-the-theory-behind-a-next-bitcoin-10k-drop/ to provide a more bearish perspective based on the enrichment data.
In the realm of cryptocurrency, altcoins are poised to join the surge as Ethereum, following similar patterns to its 2020 price action, hints at a potential uptrend, possibly setting the stage for an "alt season." This trend could be facilitated by the recent gains in Ethereum, as it is currently trading at $2,750. The blockchain technology underlying these digital assets is expected to continue shaping the future of finance.
