The cryptocurrency markets skilled a monumental inexperienced wave this week. Bitcoin and Ether calmly made new all-time highs on the again of Coinbase’s direct itemizing and the Berlin laborious fork. In the meantime, meme-cryptocurrency Dogecoin blasted off to greater than 400% positive factors, briefly claiming a spot as a top 5 cryptocurrency by market capitalization.
Regardless of the media hype and market actions of this week, PlanB confirmed Bitcoin nonetheless isn’t as overbought because it was on the peaks of the 2017, 2013, and 2011 bull cycles. He calculated that if Bitcoin have been to attain these ranges by April’s finish, its value would clear $90K.
But, this explosive week nonetheless has many questioning, “Does the market have enough steam to continue this bull wave?”
Skilled dealer and market analyst Eric Crown thinks so:
“Until I see a weekly reversal, I will not be calling a high. I will not be really pulling out at least of spot markets for that time and just trying to enjoy the ride.”
In this unique Cointelegraph interview, Crown explains:
- Brief, medium, and long run value targets for Bitcoin and Ether
- How to spot a top out there
- Why the Coinbase itemizing could lead on to a U.S. Bitcoin ETF and six-figure Bitcoin
- Why DOGE noticed the most important positive factors of any cryptocurrency this week
Watch the complete video on Cointelegraph’s YouTube channel and don’t neglect to subscribe!