Bitcoin (BTC) briefly hit $ 60,000 in the last episode of its slow grind back to record highs on April 2.
BTC price taps at $ 60,000
A correction brought the pair closer to USD 59,000, which was around USD 59,500 at the time of writing.
The persistently higher levels mean that Bitcoin is the flash crash from earlier this week, while still trading in a defined corridor.
For popular trader Crypto Ed, the outlook was that USD 60,000 would disappear as resistance based on diminishing selling pressure on exchanges. However, at over $ 70,000, you may have to wait longer.
“I mentioned BTC target $ 73k and ETH $ 2,300,” he wrote on Friday.
“From what I see now, ETH is on track. BTC is not yet convinced it will achieve that goal in this cycle, but I think we will see a strong push above 60k (soon).”
Others are more optimistic, with short-term estimates including $ 68,000 and $ 73,000 and 2021 goals in excess of $ 288,000.
“The ~ $ 57,500 area rejected BTC in February. But it appears that BTC made the exact same level of support a few days ago,” said Twitter trader Rekt Capital added
‘Now it is about a sequel from here. And we see a sequel today. ‘
Ether for $ 5,000 “inevitable”
Crypto Ed Touches Ether (ETH) comes as the largest altcoin by market cap, hitting $ 2,000 for the first time since February 20.
After falling in line with Bitcoin’s price action, ETH / USD bounced back to form over the past week, seeing almost consistently higher highs on daily time frames to near the all-time high of around USD 2,040.
Such as Cointelegraph reported, the price targets for Ether are now more optimistic than ever, encompassing the next $ 2,600, with $ 5,000 and even $ 10,000 in play.
The amount of ETH held by exchanges such as BTC has fallen sharply this year.