- New BTC and ETH bull targets revealed by reputed silver-tongued analyst.
- He expects BTC to hit a new ATH between the $145,000 and $150,000 price range.
- As for ETH, the altcoin is set to hit a new ATH between the $7,000 and $8,000 price range.
Expectations for the upcoming market correction in September , following the Fed’s decision to cut rates, grow stronger with significant market signs. For instance, some whales have sold part of their BTC holdings to hedge bets, while others set short orders to leverage the situation. Amid the bearish expectations, the reputed Doctor Profit reveals new BTC and ETH bull targets, with BTC to $150,000 ATH and ETH to $8,000 ATH.
New BTC and ETH Bull Targets Revealed
11 days ago, the pioneer crypto asset Bitcoin (BTC) set a new ATH price at $124,457.12. Soon after this new ATH was set, the pioneer crypto asset has slowly been falling in price igniting a strong FUD sentiment. In detail, the price of BTC first fell to the $115,000 price range before reclaiming the $118,000 price. Yet another market dip pushed BTC price down to the $113,000 level.
For the next few days, the price of BTC struggled to reclaim the $116,000 price range and moved in a sideways price action between $112,000 and $115,000. This week however, FUD sentiments seem to be winning over some BTC whales, as many have begun to agree with the September correction phase and have begun to hedge their debts, setting risk aversion strategies instead.
This sudden switch to selling BTC or setting short BTC trades to weather the upcoming storm that is the bearish red month of September, has led to BTC falling to the $111,000 price range, leading to greater FUD sentiments. Meanwhile, the price of the pioneer altcoin Ethereum (ETH) went on to finally hit its first ATH price this bull cycle in the $4,900 price range, before declining to prices below $4,600 following BTC’s latest dip.
Most analysts are certain that the prices of BTC and ETH will enter a strong correction phase in the month of September, a prediction strongly supported by historical data. At the moment, analysts expects the price fo BTC to dip below 6-digit prices to close a CME gap at the $93,000 price range, meaning BTC will likely fall to $90,000 at the most. Similarly, analysts expect ETH to reclaim higher prices after the correction phase.
BTC to $150,000 and ETH to $8,000
Despite the bearish sentiment in the market at the moment, seasons analysts remain bullish for the long-term. As we can see from the post above, the reputed silver-tongued analyst, Doctor Profit , known for his many accurate predictions, is the one who first expected a correction phase to occur. Still, he goes on to share bull market targets for BTC and ETH following the correction, with BTC set to hit a new ATH between $145,000 and $150,000 and ETH set to hit a new ATH between $7,000 and $8,000.
