The cryptocurrency market is heating up again after a few weeks of a sidelined consolidation pattern affecting most projects. As things develop, trading experts and analysts already have their strategy ready and price predictions for this cycle’s top, especially for Bitcoin (BTC) and Ethereum (ETH), the market leaders.
In particular, the X account who goes by a smiling emoji using the handle @smileycapital shared his prediction for BTC and ETH price tops, marking the end of the ongoing bull cycle. Smiley Capital predicts Bitcoin will top between $140,000 and $160,000, and Ethereum between $9,000 and $11,000.
The analyst also considers an extraordinary scenario of possible overperformance in case cryptocurrencies see a massive adoption event. Thus, the “cycle top forecasts,” in his words, are at $190,000 and $15,000 for BTC and ETH, respectively.
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However, Smiley Capital warns that he only does predictions “for fun” and is not necessarily locked in with these forecasts.
“I do not trade my predictions, I’m a reactionary trader and I’ll exit markets in the moments when I deem the top is in – not because certain numbers were hit”
Bitcoin (BTC) and Ethereum (ETH) price analysis and prediction
As of this writing, Bitcoin is trading at $97,050 and Ethereum at $3,510, both surging year-over-year. On that note, BTC is up 119.6% and ETH 54.46% since last year’s January 3.
Bitcoin displays a more consistent uptrend while Ethereum’s volatility has hit hard in the last 12 months, with ups and downs.
From the current prices, the analyst’s most-bullish predictions would mean a 99% and 327% gains for BTC and ETH, respectively. It is notable that Ethereum has a higher growth potential, considering it is still lagging behind Bitcoin like most altcoins.
Other analysts, like Alex Svanevik, CEO of Nansen AI, predicts we are on the verge of “the mother of all bull markets,” as Finbold reported. Yet, even this highly optimistic scenario requires traders and investors to have a well-thought exit strategy and realize profits frequently.
For example, Wolf has been looking at Smiley Capital’s recently disclosed Bitcoin range since May last year. In this occasion, which we also reported, the trader explained he plans to start exiting once BTC crosses $130,000.
Nevertheless, cryptocurrency traders building their exit strategies must consider the possibility that their bullish expectations could be part of somebody else’s exit strategy and act accordingly with proper risk management and caution.
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