A popular crypto trader believes that Bitcoin and Ethereum may experience further declines, with potential drops of up to 21% and 23% respectively. The trader suggests that there could be one final shakeout before the start of the altcoin season, with Bitcoin testing the $48,000 - $50,000 range and Ethereum testing the $1,800 - $2,000 range. Currently, Bitcoin is trading at $60,508, down 6% in the past week, while Ethereum is trading at $2,345, down 11% in the past week. The trader also discusses the altcoins outside of the top ten by market cap, stating that their market cap could fall to between $132 billion and $164 billion after failing to break a major resistance level. However, the trader sees this as a potential buying opportunity.
- Content Editor ( dailyhodl.com )
- 2024-10-04
‘One Last Shakeout’: Trader Says Bitcoin and Ethereum Could Crash Before Altseason Starts – Here Are His Targets