Crypto analyst Rager recently provided valuable insights for Bitcoin and Ethereum investors. impending bull run. As part of his statement, he revealed the best time to go all-in on the two largest crypto tokens by market cap. Bitcoin and Ethereum.
“The last great chance of this cycle”
Rager has his say on X (formerly Twitter) post “The last great chance of this cycle” is Bitcoin halving. In line with this, he also stated and clarified that he is still holding his position and is waiting for a “BTC and ETH pullback.” Predict It will happen between now and May.
In Reger’s opinion, this “great dip” marks the best time for crypto investors to take positions ahead of this situation. cycle bull run. His statement also suggests that Bitcoin and Ethereum (and likely other crypto tokens) will be heavily executed after that pullback occurs. Interestingly, the analyst continues: identify this event What will start the next bull market?
BTC price recovers above $51,000 | Source: BTCUSD on Tradingview.com
Bitcoin may soon reach $60,000
after that ×postRager gave an idea of what price level Bitcoin may fall below The crash occurred when he hinted that he would not invest in Bitcoin until it fell to $48,000.He also offered Analyzing Bitcoin's current price movement, he noted that it “consists of several days of strong price action, followed by a number of declines and declines.”
he added: Bitcoin And there are “plenty of opportunities for upside” in the broader crypto market. But he warned that a pullback is likely in the short term and could be the last golden opportunity.Mr. Reger also said that Bitcoin is Break through $60,000 Once this pullback is complete, it will become a resistance level for the first time since 2021.
ETH’s next target is $3,500
somewhere else ×postRager said the current price target is $3,500. bullish momentum At the market. He also believes this is likely to happen “sooner rather than later” with government support. Ethereum Spot ETF rumor. Industry experts are expressed confidence We hope these funds are approved.
He noted that $3,500 is just Reagor's first target for Ethereum in this cycle's bull market, and that it is “by no means the highest price.”Meanwhile, the analyst said The peak of this bull market is still far away. He used crypto funding data as an indicator to determine when a market high is near, noting that funding remains at a low level compared to the peak of bull market activity.
Featured image from LAB51, chart from Tradingview.com
