Crypto prices have risen sharply recently, which has strengthened market optimism. Although prices are a lot higher now, some crypto analysts believe now is a good time to buy Bitcoin (BTC) and Ethereum (ETH).
According to these analysts, the two largest cryptocurrencies are on the cusp of a major price increase.
Silence before the storm
Over the past week, the Bitcoin price has shown remarkable stability, consistently hovering around $51,600. At the same time, Ethereum (ETH) has shown remarkable growth, with an increase in value of more than 9%, breaking the important threshold of $3,000. This stability of Bitcoin in combination with the strong performance of Ethereum contributes to an exciting dynamic within the crypto market.
Analysts may see this phase as the calm before the storm, suggesting we could be on the cusp of a significant share price rise.
A unique purchasing opportunity
Crypto analyst Rager has made his prediction for the Bitcoin (BTC) and Ethereum (ETH) prices via the social media platform shared.
He points out that prices may undergo a slight correction, which he believes would provide an excellent buying opportunity. Rager sees this correction as the ideal time to invest in both cryptos, which would spark a sustainable price rally that could surpass $60,000.
The expected rally is mainly fueled by the growing enthusiasm of investors about the consequences of the Bitcoin halving for the market. This halving will make it more difficult for miners to obtain new BTC, as the reward per successfully mined block will halve from 6,125 BTC to 3,0625 BTC from April.
This decline in new supply, combined with continued or increasing demand, has the potential to drive Bitcoin’s price significantly higher.
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Source: https://newsbit.nl/crypto-analist-dit-is-de-laatste-kans-om-bitcoin-en-ethereum-te-kopen-voordat-de-grote-rally-start/
