Celsius Network CEO Just Predicted New ATH For Ethereum

The optimistic predictions about the price of Bitcoin continue to drop in the crypto space, and you can check out the latest ones below.

The CEO of centralized finance platform Celsius Network (CEL), Alex Mashinsky, just revealed new price predictions for the two largest crypto assets by market cap.

Mashinsky says in a Kitco News interview that Bitcoin (BTC) could fall by up to 20% from the current price before surging.

“So we have very strong support in that $29,000 to $33,000 range. This is the range we’re at right now. We keep bouncing off that range.”

He also said:

“And the question is, we may have to retest it again. So there’s a pretty good chance. The market usually likes to test support, and after that, we should see that increase.”

Bitcoin is trading at $37,811 at the time of writing.

The Celsius Network head says that after testing the critical support level, Bitcoin could follow past precedence and surge by around four times from current levels.

“If Bitcoin does what it did last time, it should go at least 300% up from here. Three multiplied by $35,000 puts us just over $100,000.”

He also explained the following:

“My projection for this year stays what I said late last year. And it’s $140,000 to $160,000 before the end of this year.”

Stay tuned for more news about the price of the crypto assets, and make sure to keep your eyes on the markets as well.

In other news, CoinDesk just noted that the executive board of the International Monetary Fund recommended that El Salvador discontinue the use of bitcoin (BTC) as legal tender in the country due to the financial risks and liabilities that are created.

President Nayib Bukele is responding to the International Monetary Fund’s (IMF) warning that El Salvador should remove the legal tender status of Bitcoin (BTC) with a meme.

“I see you, IMF. That’s very nice.”