While Bitcoin and Ethereum have traded sideways for months, analysts offer different perspectives on their potential price movement. CryptoCon predicts a surge for Bitcoin, reaching $107,558 by early 2025, while Cold Blooded Shiller sees Ethereum struggling to break through resistance. Despite the uncertainty, some key metrics point to conflicting trends between the two cryptocurrencies.
Goldman Sachs projects a significant increase in gold prices to $2,700 per troy ounce by early 2025, driven by strong central bank demand and anticipated Federal Reserve rate cuts. The investment bank highlights gold as a prime hedge against geopolitical and financial risks, citing its strong performance in recent years.
Elon Musk’s recent comments about Dogecoin potentially being used for Starlink payments have sparked a wave of optimism among traders, leading to predictions of a bullish price rebound for the meme coin. Crypto analysts are pointing to technical indicators and historical price patterns as evidence for a potential surge in DOGE’s value.
Dogecoin’s daily active users have increased significantly, leading to speculation about a potential price surge. The correlation between active addresses and price movements has been observed in the past, suggesting a positive trajectory for Dogecoin. However, the cryptocurrency market is highly volatile and influenced by numerous factors.
Bitcoin analyst Jamie Coutts predicts a significant surge in Bitcoin’s price, potentially reaching six figures, fueled by central bank liquidity injections and a weakening US dollar. The prediction hinges on continued global monetary easing, particularly from the Bank of Japan and the People’s Bank of China.
Max, CEO and founder of Because Bitcoin, suggests Bitcoin could peak between October and December 2025, citing historical price trends around U.S. elections. He notes Bitcoin’s consistent pattern of bottoming during bear markets before elections, followed by an upward surge leading to a peak around a year after the election. Max’s analysis highlights the potential influence of political cycles on Bitcoin’s price trajectory.
Standard Chartered’s top crypto analyst, Geoffrey Kendrick, forecasts a bullish future for Bitcoin and Ether, with Bitcoin expected to surge to $150,000 and Ether reaching $8,000 by the end of 2024. Kendrick believes that the negative market sentiment has been factored in and that positive factors will prevail, driving the prices higher. The supply shock from the Bitcoin halving and the introduction of new Bitcoin ETFs are seen as key contributors to this growth. Despite recent setbacks, such as the military conflict between Iran and Israel, Kendrick remains optimistic about Bitcoin’s potential to reach new highs.
Bitcoin’s recent surge to $66,000 has sparked speculation about the potential for further gains. Analysts suggest that a move to $75,000 could signal a bullish trend, while a drop below $58,000 might indicate a change of direction. Despite a majority of Bitcoin supply being profitable, on-chain data indicates a cooling market sentiment, similar to conditions observed in February 2024. Crypto analysts highlight an attractive buying opportunity based on Bitcoin’s MVRV Ratio, which has historically indicated potential gains of up to 67%. However, caution is advised due to volatility in transaction fees and a decline in creating new BTC addresses.
