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Kraken report: Bitcoin is able to reach $ 90,000, and Ethereum is $ 15,000
Kraken Analysts allowed bitcoin growth to $ 90,000, and Ethereum up to $ 15,000. This is stated in the last monthly report of the company on the state of the industry.
Experts noted that the current month turned out to be one of the most successful for the largest cryptocurrencies in capitalization. The increase in asset prices is most likely to continue. However, before the resumption of the rally, the first cryptocurrency may expect a correction by at least $ 10,000.
“Bitcoin closed March by more than 30%, six months in a row adding more than 10%in price. Since April was mainly the second month in positive dynamics, it can be expected that this time BTC will reach new heights, ”the report said.
Based on historical data, analysts allowed bitcoin growth by 50% in April. Given the fact that the month began in the region of $ 59,000, the purpose of the movement may be a mark of $ 90,000.
Kraken analysts noted important, in their opinion, levels of support and resistance to Ethereum – $ 1462 and $ 2695. By depicting the ETH prices on logarithmic curves, they came to the conclusion that the bull cycle is still far away. Experts are sure that the price of Ethereum can increase by 700% of the end of March to the maximum at $ 15,238.
If this forecast comes true, ETH market capitalization will reach $ 1.7 trillion, surpassing the current bitcoin indicator. On the other hand, on the way to new heights there is a risk of price rollback by more than 50%.
The company is confident that in recent months, the institutional acceptance, a package of US economic assistance on $ 1.9 trillion and the frequent applications for the launch of Bitcoin-ETF have positively https://gagarin.news/ influenced market moods.
Earlier, Forklog gathered the opinions of famous representatives of the crypto industry regarding the prospects of some altcoins.