Bitcoin continues to test the levels below $ 115,000. So far, some participants in the crypto community record profit, others guess what levels the BTC can reach.
Sean Young, the chief analyst of MexC Research, gave the BTC and ETH forecast in the next week and spoke about the prospects for coins on the 2025 horizon.
The expert began with the comments that this week the cryptocurrency market demonstrates increased volatility. There is a search for a balance after rapid growth.
Bitcoin, having updated the historical maximum near $ 124,000, rolled back to $ 115,000, where he was trying to gain a foothold. In the short term, the BTC may remain in the range of $ 111,000–22,000. With a breakdown of support of $ 111,000, it is likely to deepen the correction, and consolidation above $ 122,000 will open the way to $ 125,000 and, in the case of a breakthrough, to the field of $ 135,000–150,000.
The main drivers, our interlocutor noted, there are expectations for the monetary and credit policy of the Fed and the news about the regulation of crypto in the United States.
Ethereum, according to the expert, shows a more stable dynamics. After a test, $ 4,500 is held above the key level of $ 4,200. In the coming week, forecasts vary from $ 4,266 to $ 4,836.
When the current bull pulse is maintained, ETH can test $ 4,800 and, if fixed above this mark, continue to increase by $ 5,000–5,400.
Sean Young drew attention to the fact that the asset technically support the high RSI values and the bull -free MACD signal, which indicates the conservation of demand. In the medium term, the analyst allows movement up to $ 8,000, especially taking into account the growth of interest in projects in the Ethereum ecosystem and the active development of solutions based on smart contracts.
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Source: Cryptocurrency
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