The cryptocurrency market is witnessing a historic moment today. Bitcoin has reached a record high, and Ethereum is showing solid growth.
Bitcoin's Historic High
Bitcoin (BTC) has reached a new historic high of $123,000 today. This significant event has attracted the attention of both investors and analysts in the cryptocurrency market. Over the past 90 days, Bitcoin has gained 85%.
Fractal Analysis of Ethereum
Analyst Ted shared a comparative chart concerning Ethereum (ETH) and Coinbase (COIN). The chart shows that both assets exhibit similar patterns. Ethereum has also formed a strong breakout above its long-term downtrend and a consolidation zone.
Outlook for Ethereum
If this fractal correlation holds, Ethereum may be on the verge of significant growth, possibly aiming above $4,000. However, it is essential to remember that such forecasts are based on historical data and do not guarantee outcomes.
The cryptocurrency market is demonstrating impressive achievements. Bitcoin has set a new record, and analysts suggest that Ethereum may be next. However, investors should proceed with caution.
