Expert Predicts Bitcoin To Reach $180,000 And Ethereum $12,000 In Q4
The cryptocurrency market is experiencing uncertainty after Bitcoin's surge above $126,000. Major cryptocurrencies are retracing to critical support levels, raising investor concerns.
Bitcoin and Ethereum Price Projections
- Market expert Ash Crypto suggests a mid-October rebound, predicting significant market rallies by month's end.
- He forecasts Bitcoin reaching $150,000-$180,000 and Ethereum hitting $8,000-$12,000.
- This potential surge may trigger an altcoin season, with gains of 10 to 50 times for some altcoins.
Potential Altcoin Phase
- Analysts from The Bull Theory compare the current market to 2020, foreseeing an explosive phase for altcoins.
- The total altcoin market cap (TOTAL3) is around $1.14 trillion, near a crucial resistance at $1.2 trillion.
- A breakout above this level could push the altcoin market cap to $5 trillion-$7 trillion.
- Favorable conditions include high Bitcoin dominance, Ethereum ETF inflows, regulatory clarity, and global liquidity improvements.
- Consolidation is viewed as necessary before broader market expansion.
