By carefully observing the encryption currency market, we can make some predictions about the future trends of Bitcoin (BTC) and Ethereum (ETH).



For BTC, the current key support level is around $100,000. If support can be established in the range of $102,000 to $107,000, it is likely to break upwards again. The high for this year is expected to be between $120,000 and $130,000, and it may even touch $150,000. However, if BTC falls below $102,000, it may drop to the $90,000-$95,000 range, followed by a strong rebound that challenges the $110,000 to $130,000 area again.

As for ETH, there are two possible trends. The first scenario is that ETH may first pull back to the range of $3,200-$3,400, then rebound to $3,600 to form a peak, after which it may drop back to the range of $2,800-$3,000. This would be considered a bullish signal. The other possibility is that ETH directly probes down to the range of $2,600-$2,800 before the end of August, and may even briefly fall below $2,600 to the range of $2,500-$2,600. After that, ETH may experience a strong surge in the second half of the year, with the potential to break through $5,000.

It is worth noting that this surge in ETH may drive up other small cryptocurrencies (commonly known as "altcoins"). It is expected that some altcoins may see increases of 2-3 times or even higher. However, this does not mean that all cryptocurrencies will experience tenfold or even greater increases. The market may show divergence, with certain coins performing significantly, but overall, it is unlikely to replicate the frenzied bull market scenario where all coins rise sharply.

Overall, the cryptocurrency market is still full of opportunities, but it also comes with high risks. Investors need to stay vigilant, closely monitor market trends, and manage risks effectively.
BTC-2.56%
ETH-6.68%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Share
Comment
0/400
DeepRabbitHolevip
· 07-22 20:42
Enter a position and it's done!
View OriginalReply0
FarmHoppervip
· 07-21 15:51
altcoin is To da moon with eth. Go go go!
View OriginalReply0
BridgeNomadvip
· 07-21 15:51
seeing these support levels gives me ptsd from the wormhole bridge hack... trust nothing
Reply0
DuskSurfervip
· 07-21 15:49
Don't say so much, just get in there and finish it.
View OriginalReply0
FUD_Vaccinatedvip
· 07-21 15:49
150,000 I laughed
View OriginalReply0
SelfCustodyIssuesvip
· 07-21 15:38
What's the use of daily predictions?
View OriginalReply0
GateUser-41929615vip
· 07-21 15:38
Just go for it💪
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)