Recent analysis of Bitcoin and Ethereum by analyst CredibleCrypto highlights positive market dynamics.
Signals for Bitcoin
Analyst CredibleCrypto noted that Bitcoin is in a horizontal consolidation phase for over a month, exhibiting healthy market indicators. Positive changes include a 20% reduction in open positions, increased long-term investor demand for Bitcoin, and stable funding rates.
Ethereum's Potential
According to CredibleCrypto, Bitcoin's growth potential is limited compared to cryptocurrencies like Ethereum. If Bitcoin exceeds $150,000 in this cycle, Ethereum is expected to reach $10,000.
Role of Long-term Investors
The participation of long-term investors plays a key role in sustainable market growth, supporting the value of both Bitcoin and Ethereum. Current signals for Bitcoin may increase interest in altcoins and shift market dynamics.
CredibleCrypto's analysis provides important insights into market conditions and future trends, aiding investors in making informed decisions.
