Bitcoin And Ethereum Surge To New ATH – Here Are The Price Triggers

The optimistic crypto predictions continue despite the massive market volatility. Check out the latest reports about the price of Bitcoin and Ethereum below.

Crypto veteran Bobby Lee said that he remains bullish on Bitcoin (BTC), Ethereum (ETH). He’s also bullish on the wider crypto market despite the recent downturn.

In an interview with Bloomberg, Lee made sure to explain the fact that if the predictions for a severe crypto winter fail to materialize, Bitcoin and Ethereum will easily go back to their ATHs recorded back in November of 2021.

He also explained the fact that the upgrade that will see Ethereum transition from a proof-of-work (PoW) consensus mechanism to proof of stake (PoS) will serve as the catalyst that will boost the two coins to their new ATHs.

“I’m very bullish on Bitcoin and cryptocurrency. It’s just that I think last time I was on the show I was worried about the price. In the short term, there was a price correction. And compared to then, Bitcoin and Ethereum have both come up more than 20% in price. And I think I think the call for bear market that might be premature. We’ll see. Right.”

He continued and explained the following:

“If the bear market doesn’t materialize, you could easily see Bitcoin and Ethereum go back up towards their previous highs, especially with this upcoming upgrade for Ethereum. This is very important for the cryptocurrency ecosystem. Everyone’s anticipating it.”

At the moment of writing this article, both BTC and ETH are trading in the red. BTC is priced at $24,512 and ETH is trading at $1,980.

In other recent relevant news, institutional investors are a great part of crypto mass adoption these days. Check out the latest reports about this revealed by Coinbase’s CFO in our previous article. Stay tuned for more news.