Ethereum

Rally

bullish

Bitcoin

Although the leading cryptocurrency Bitcoin briefly surpassed $100,000 yesterday, it started the new week weakly and fell to $98,000. 
This decline affected altcoins and left investors with leveraged positions in a bind. According to Coinglass data, $495 million worth of leveraged transactions were liquidated in the last 24 hours, $413 million of which were long positions and $82 million were short positions. 
While 200 thousand investors liquidated in the last 24 hours, the largest liquidation occurred in the DOGE/USDT trading pair on Binance. 
While Bitcoin is trending sideways, analysts have announced their expectations for Bitcoin. 
<h2 id="ethereum-will-launch-after-january">Ethereum Will Launch After January!</h2> 
At this point, analysts at Singapore-based crypto company QCP Capital announced that they expect Bitcoin and the crypto market to move within a certain range until 2025. 
Adding that Bitcoin and the market are still in an upward trend, analysts stated that they expect an increase and ATH in Ethereum after January. 
<blockquote> 
 “While we are still structurally bullish, spot prices are likely to remain in this range for the remainder of the holiday season. 
 Historically, Ethereum typically doesn’t reach a new all-time high until January of the post-halving year. This sentiment is also reflected in the options market, where ETH risk-on returns are skewed toward calls only from January onwards.” 
</blockquote> 
<h2 id="bitcoin-could-reach-120-000">Bitcoin Could Reach $120,000!</h2> 
Alex Kuptsikevich, senior analyst at FxPro, said that Bitcoin’s failure to stay above $100,000 is a worrying sign for bullish momentum: 
<blockquote> 
 “Bitcoin is failing to consolidate above $100,000, which is likely suppressing buying in the broader market. Bitcoin’s lack of bullishness and growth has also negatively impacted altcoins. 
 We view Bitcoin’s lull as a significant position correction that will help the market shake off short-term overbought conditions and move higher more reliably. 
 However, the next round of upward momentum could take advantage of the Fibonacci extension and push Bitcoin price to $120,000.” 
</blockquote> 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bitcoin-rally-slows-down-so-whats-next-for-bitcoin-and-ethereum-analysts-answer/">Bitcoin Rally Slows Down! So What's Next for Bitcoin and Ethereum? Analysts Answer!</a>

Bitcoin Rally Slows Down! So What's Next for Bitcoin and Ethereum? Analysts Answer!

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