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Bitcoin’s Range-Bound Trading Ethereum Could Benefit, Analysts Say


Bitcoin’s Range-Bound Trading Ethereum Could Benefit, Analysts Say

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  • Bitcoin remains stagnant, but analysts predict a surge past $100K, with Ethereum potentially surpassing $3K
  • Ethereum’s TD Sequential indicator signals a rebound on the hourly chart, suggesting potential upside momentum
  • Experts warn against shorting low-volatility markets, citing historical Bollinger Band width patterns

Bitcoin’s been in a rut lately and traders are growing restless as the market consolidates. However, renowned analyst Michael van de Poppe sees Bitcoin’s lackluster price action in a positive light. He thinks BTC’s ‘boring state’ could benefit altcoins, with Ethereum as a key contender. 

The expert predicts that Bitcoin could break $100K, while Ethereum might surpass $3K. Historically, such a sideways price trend in Bitcoin has led to significant altcoin rallies.

Analyst Warns Against Shorting Low Volatility Market

At the same time, another analyst has …

The post Bitcoin’s Range-Bound Trading Ethereum Could Benefit, Analysts Say appeared first on Coin Edition.

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In This News

Coins

$ 63.90K

+1.59%

$ 1.78K

+2.57%

$ 0.00734

+1.78%

$ 0.00...361

$ 0.000207


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View analytics →
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