Bitcoin And Ethereum Forecast Is Updated – Here Are The New Price Targets

It seems that Bitcoin and Ethereum have new price targets. Check out the latest reports about the prices of the most important digital assets below.

According to the latest reports, it seems that an important analyst who correctly called this year’s crypto turnaround and bought Bitcoin and Ethereum in November made sure to highlight the fact that his bullish stance on the market will change if BTC falls below a key support level.

Pseudonymous analyst DonAlt said recently that while Bitcoin’s rally from 2022’s low is significant, the bull case for BTC could be invalidated if the top crypto asset by market cap falls below the $19,000 level.

“[Bitcoin is] up 50% since the low [~ $15,500], which is quite significant… [It is] chilling above areas that it has to be above. And as long as we don’t lose $18,000/$19,000, nothing changes. I’m going to be bullish until we lose $19,000.”

Bitcoin is trading at $23,008 at the time of writing. The analyst also said that Bitcoin could even plunge below its 2022 low of $15,500 if the $19,000 support level crumbles.

“If you go down to $19,000… then you’d make new lows.”

Economist and crypto trader Alex Kruger is expressing bullish sentiment toward Bitcoin (BTC). Just recently, he has been saying that the king crypto could mount a massive rally in 2023.

Kruger said that BTC could rally up to $35,000, a jump of around 52% from current levels before a correction occurs.

According to Kruger, such a rally by Bitcoin would be in line with how markets normally work.

“Breaking through $30,000 then pulling back would be normal market dynamics. Markets tend to run key round levels over, trigger stops, bring suckers in, then flush them out. And $30,000 – $35,000 looks very doable.” Check out our previous article in order to learn more details about this.