The flagship cryptocurrency is showing bearish momentum right now, as it fails to breach the $35K level. BTC is now trading at $34,517.5, down by 3.7% in the last 24 hours. It is now facing a similar death cross it did in 2019.
As for the 2nd largest crypto Ethereum, Despite huge losses over the last three weeks, the Etheruem price appears to be on recovery. ETH is now trying to hold support at $2100 and go north soon. An instant rebound to the previous $2500 level is expected.
After a turbulent first half of 2021, What’s in store for these tokens for the second half of 2021 is to be determined now.
Bitcoin & Ethereum to Explode in the Second Half of 2021?
A pseudonymous crypto analyst Kaleo had made price predictions for Bitcoin and Ethereum for the better part of the year.
The analyst expects the Bitcoin price to surge above $100K and Ethereum to surge above $10K. He also says, there would be more institutional support and government adoption going further.
Not just for the H2 2021, the analyst has foreseen the price developments for 2022/2023 too.
He has predicted that severe regulation would be enacted against crypto, that the price of Bitcoin would go below $50K, that the price of Ethereum would fall below $1K, and that other crypto assets would once again suffer significant losses.
At the time of writing Bitcoin is trading at $32,828.37 with a market cap of $615.18B. Ethereum is trading at $$2,019.89 with a market cap of $235.06B.