Bitcoin And Ethereum Rallies Are Not Over – Check Out The Latest Predictions

The crypto market seems to be looking pretty bloody today and at the moment of writing this article, both Bitcoin and Ethereum are trading in the red. An important crypto analyst says that we should not start to worry as the rallies of these two coins are not over yet. Check out the latest reports below.

The popular strategist is charting what’s next for Bitcoin (BTC) and Ethereum (ETH) after recent impressive gains.

The pseudonymous crypto analyst Pentoshi said that he’s targeting a support low of $44,000 for Bitcoin.

On the other hand, Pentoshi says there could be a possible rise to $53,000 depending on when big players like Terra (LUNA) co-founder Do Kwon decide to buy more BTC.

“For now should expect the yearly open and purple box to act as support. Potential [small] pullback as [Luna Foundation Guard] and Do Kwon appear to be [away from keyboard] from the green button. Looking for continuation to $51-53k during the next rally for BTC.”

The is addressing the state of ETH in the wake of a recent $600 million hack into Ethereum side-chain Ronin Network, which provides the payment mechanism for the play-to-earn game Axie Infinity (AXS).

Pentoshi said that in light of the stolen ETH being sent to FTX, one of the world’s largest cryptocurrency exchanges, the hack might bode well for the coin’s price moving forward and push it past the $3,600 level.

Personally believe it’s a bullish hack. Seeing as the $ETH was sent to FTX
Think 36xx coming within days https://t.co/KXYVwEjPHg pic.twitter.com/pzg742HbRQ

— Pentoshi 🐧 (@Pentosh1) March 29, 2022

At the moment of writing this article BTC is trading in the red and the king coin is priced at $44,861, and ETH is also trading in the red – the second coin in terms of market cap is currently priced at $3,266.