Bitcoin (BTC) is currently priced at around $69,894, showing signs of a possible recovery despite a slight 1.5% decrease compared to the previous day. Laurent Benayoun, the CEO of Acheron Trading and a Trade Strategies Expert, predicts that Bitcoin's price has not yet reached its peak and could potentially increase by more than 150% in the current bullish market. Taking into consideration the upcoming Bitcoin halving and its impact on reducing supply, Benayoun forecasts a target price of $180,000 for this cycle, highlighting the trend of decreasing all-time multiples in each cycle.

Benayoun remains positive about the influence of the current Fed interest rate policy on Bitcoin's price, expecting interest rate cuts to act as significant price drivers in this cycle. Although some experts anticipate interest rate cuts to occur later than expected, with a consensus around a 75 basis point reduction this year, Benayoun believes that market interest rate declines are already factored into Bitcoin's pricing, with rate cuts expected soon. Additionally, analysts at Bitfinex have made conservative price predictions ranging from $100,000 to $120,000 by the fourth quarter of 2024, while Bernstein forecasts Bitcoin to reach $150,000 by mid-2025. Renowned analyst Willy Woo has set a more ambitious target of $337,000, surpassing the $20,000 peak of the previous cycle.

Ethereum (ETH) Price Update and Potential ETF Filing: Expectations for Price Increase

Ethereum (ETH) is currently trading around $3,538, showing a minor decline of 1.2% from the previous day.

On March 28th, Bitwise, a well-known crypto asset manager, took a significant step towards potentially obtaining approval for a spot Ethereum ETF by filing an S-1 form with the U.S. Securities and Exchange Commission (SEC). While this filing, followed by a 19b-4 form indicating Bitwise's intention to list the ETF on a stock exchange, has instilled optimism in some members of the crypto community regarding regulatory approval, analysts like Bloomberg's Eric Balchunas have expressed caution due to historically low approval rates.

The news of the ETH ETF filing has the capacity to generate excitement around Ethereum and push its price higher. Technical analysis suggests that Ethereum faces resistance levels at $3,600 and $3,630, with a significant barrier at the 76.4% Fibonacci retracement level. A successful breach of these resistance levels could trigger a rally towards $3,800 and potentially $4,000. Conversely, failure to surpass these hurdles may result in a downward movement towards $3,450, with additional support at $3,250.

Currently, the Moving Average Convergence Divergence (MACD) indicator indicates decreasing bullish momentum, indicating a potential slowdown in the upward trend. Meanwhile, the Relative Strength Index (RSI) indicates that Ethereum is not in overbought or oversold conditions, leaving room for either continued bullish movement or a corrective retracement.

Furrever Token (FURR) Gains Strong Investor Interest with Significant Returns Potential

Furrever Token (FURR) has garnered attention in the crypto sphere for its innovative approach and unique characteristics. FURR distinguishes itself by focusing on adding a touch of cuteness to the crypto space, creating a fun and engaging ecosystem centered around adorable kittens. By fostering a sense of community and shared joy among users, Furrever Token aims to provide a delightful experience contrary to the seriousness of traditional blockchain projects.

A major contributing factor to FURR's popularity is its successful presale campaign, where it raised over $525,000 in under a month, demonstrating substantial support from investors and the community. This achievement underlines the increasing demand for projects offering enjoyable experiences in the crypto sector.

Investors are attracted to FURR due to its tokenomics, which allocate 65% of its tokens during the presale period, providing early supporters with a chance to participate in its growth. Additionally, Furrever Token incorporates cat-themed stickers, emojis, and visuals into its ecosystem, enhancing user engagement and fostering a welcoming community.

Moreover, the potential for up to 15X returns with FURR has enticed investors. The project's commitment to transparency and security is evident through its audited smart contract and the team's decision to lock their tokens for a year, ensuring the project's longevity. Adding to its appeal, Furrever Token has no buy and sell tax during trading.

FURR's community-driven approach, with almost 2,000 organic members on Telegram, coupled with active admins and moderators, highlights its growing popularity and success in the crypto market. The current price of FURR stands at $0.000396, reflecting its promising prospects and increasing investor interest.