Bitcoin Expected to Reach $150,000 and Ethereum $8,000 by Year-End

Crypto analyst Ash Crypto predicts significant price movements for Bitcoin and Ethereum, forecasting Bitcoin to reach $150,000 and Ethereum to hit $8,000 by the end of Q4 2023, coinciding with a potential altcoin season.

Key Predictions

Bitcoin may bottom between $94,000 and $100,000 this month.
A breakout is expected in October, potentially reaching between $150,000 and $180,000 by December.
Ethereum has outperformed Bitcoin, rising approximately 110% in Q2 and Q3, compared to Bitcoin's 34% increase.
Altcoin season may be imminent, as more altcoins have been outperforming Bitcoin recently.

Market commentator Milk Road suggests that the current performance gap between ETH and BTC often indicates the start of an altcoin season. According to Blockchain Center data, the market is closer to altcoin season than Bitcoin season.

As of now, Bitcoin is trading at around $112,000, showing recent gains.