In his assessment of the two largest crypto assets in terms of market value, well -known analyst Crediblecrypto, Bitcoin $104,282.9 He explained that he observed positive signs for.
Expectations in Bitcoin
Crediblecrypto said that the market shows healthy signals in the horizontal consolidation process of Bitcoin for the last one and a half months. A 20 %decrease in open positions, the absorption of 10 billion dollars of spot sales, the financing rate remains constant and the continuous contract premium of the spot premium is among these positive symptoms.
The decline in open positions shows that leverage positions are reduced in the market and thus the risk of wavy liquation is low. The fact that the financing rate remains constant states that there is no tendency in favor of buyers or sellers. The fact that the Spot premium replaces the contract premium indicates that Bitcoin demand is directed by long -term investors rather than speculators.
Ethereum’s potential
Analyst, Ethereum of Bitcoin’s rise potential 
$3,261.2 He stated that it is limited compared to other crypto beings. He said it was likely to increase by 2x to 2.5x in this cycle from Bitcoin’s current level.
“Most Altcoin, which has not yet risen, will perform superior performance against Bitcoin if they set up properly in high -time periods, and Ethereum will remain the most ‘safe’ option among the Altcoins.” – Crediblecrypto
Crediblecrypto predicts that if Bitcoin increases over $ 150,000 in this cycle, Ethereum can reach at least $ 10,000 from the current level. Currently, Ethereum is trading at $ 3,253, while Bitcoin is at $ 102,508.
The analyst’s interpretation offers important clues to investors about the general situation of the market and future orientations. Bitcoin’s existing powerful signals can increase the interest in subcoins such as Ethereum, which can change the dynamics of the market.
The role of long -term investors for a sustainable market growth may continue to support the value of crypto assets. This may have positive effects on the future performance of Bitcoin and Ethereum.
Recently observed developments in the Bitcoin and Ethereum market are an important guide when making strategic decisions for investors. The analyst’s views can help understand the trends in the crypto world and contribute to investors taking conscious steps.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
