Bitcoin Price Surges Over 2% and ETH Doubles – Is It Time to Buy New Cryptocurrencies for Altcoin Season? What do traders predict?
bitcoin price up
Crypto markets still have to contend with PPI data, then CPI and FOMC next week, but at press time bitcoin has closed two four-hour candles above the 200 moving average, and just below the 200 EMA, around $17,200. doing business on.
A higher time-frame candle above $17,500 would be a bullish retracement of the June 2022 low and a return to a five-month trading range, with all bearish action following the FTX exchange bankruptcy in November taking place below that range. would appear to be a short-term deviation. Bitcoin price chart.
Then the next logical price target for bitcoin would be the top of that range, around $25,000 and $2,000 for Ethereum price.
Ethereum Price Leading – Altcoin Season?
ETH price outperforming BTC is often cited as an indicator of ‘alt season’, meaning it is a good time to take positions in altcoins.
Many of the best crypto traders following Twitter predict that ETH/BTC, currently at 0.075, will continue its multi-year uptrend to hit 0.1 – 0.12.
Zoran Kole’s crypto price predictions
Zoran Kole recently tweeted the above bitcoin price prediction and ETH prediction for 2023, even though both take an earlier dip in the ‘capitulation’ scenario.
His bullish Ethereum price forecast, if accurate, would not necessarily benefit all altcoins – as he notes that older cryptocurrency tokens or ‘dinosaur coins’ would not be a good investment as they would underperform simply holding ETH. .
Crypto Price Predictions by Korush AK
The same sentiment was shared by Korush AK, who tweeted that 99% of existing crypto assets will become ‘dead coins’ by the next cycle – just like Entshare (NEO), RyBlox (Nano) and Verge (XVG). As such the token was largely ignored. Even in the 2021 crypto bull run.
The two professional traders have a combined following of almost half a million followers on Twitter, Telegram and YouTube.
Time to Buy New Cryptocurrency Tokens?
An interesting follow-up comment by Korosh AK echoed the sentiments of many crypto traders – that if choosing to invest in altcoins, choose newer coins as they will have the most upside potential.
Even the new cryptocurrency assets that later’shincoins‘ may still result in ‘insane profits’ in the short term, with Dino Coins doing much better than the ‘lagging pump’.
Best crypto to buy now
Bitcoin price on Binance soared above $69,000 against USDT on November 10, 2021 – the current bear cycle dubbed ‘Crypto Winter’ has lasted a year and a month since then.
Despite this, new cryptocurrency projects have managed to pump up and make headlines, and new crypto presales have seen massive levels of buying from early investors wanting to own the next big crypto. Some of the new token sales we’ve reported on recently are now selling on crypto exchanges and close to launch.
These include carbon offsetting crypto project IMPT, which has now raised over $16 million impt.io and ends on 11 December.
Dash 2 Trade (D2T) is not far behind, raising over $9 million dash2trade.comNative Token, an upcoming cryptocurrency analytics platform that helps traders decide on the best crypto to buy.
Learn more about those tokens on our guide new crypto assets,
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