The cryptocurrency markets noticed a monumental inexperienced wave this week. Bitcoin and Ether quietly reached new all-time highs with Coinbases direct listing and the Berlin fork. In the meantime, the meme cryptocurrency Dogecoin rose to over 400% and briefly claimed a place as the top 5 highest cryptocurrencies by market capitalization.
Regardless of the media hype and market move this week, PlanB confirmed that Bitcoin is still not as overbought as it was at the highs of the 2017, 2013 and 2011 bull cycles. He reckoned that Bitcoin would reach $ 90,000 in value by April if it could reach these ranges.
However, this explosive week has many questions: “Does the market have enough steam to continue this bull wave?”
Veteran trader and market analyst Eric Crown believes:
“Until I see a weekly reversal, I won’t call an excessive one. For that point at least, I am unlikely to be leaving the spot markets and just trying to capitalize on the trip. “
In this one-of-a-kind Cointelegraph interview, Crown explains:
- Fast, medium and long term goals for Bitcoin and Ether
- The way to recognize a high available in the market
- Why the Coinbase listing could result in a US Bitcoin ETF and a six-digit Bitcoin
- Why DOGE published the most important good points of a cryptocurrency this week
Check out the full video on Cointelegraph’s YouTube channel and don’t forget to subscribe!