The crypto space has been abuzz with news of a popular trader who accurately predicted the Bitcoin (BTC) burst in 2023. The analyst, known for his bullish stance on BTC and Ethereum (ETH), recently updated his forecast on the two digital assets.
If Bitcoin falls below a key support level, he said that he will cease his bullish stance toward it. This is an important development as many traders have been relying heavily on this analyst’s predictions to inform their trading decisions. He noted that if BTC drops below $50K then it could be headed towards $30K or even lower in the near future.
However, despite this warning from the trader, ETH remains one of his top picks for 2021 and beyond due to its impressive performance over recent months and years compared to other major cryptocurrencies like Litecoin (LTC). He believes that ETH can reach new all-time highs by mid-2021 if certain conditions are met such as increased institutional adoption and more positive regulatory developments around cryptocurrency projects globally.
It will be interesting to see how these predictions play out over time but regardless of what happens investors should always do their own research before investing in any asset class including cryptocurrency markets!
