Bitcoin (BTC) is having an absolutely crazy week and has grabbed a significant rise of as much as 13% in value. BTC, which managed to go from $ 8,000 to $ 9,000, is trading at $ 9,100 as of the time this article was penned. The most profitable times to invest in Bitcoin are approaching, according to some experts.
Bitcoin Cash (BCH) and Bitcoin SV (BSV),which both achieved record highs ahead of bitcoin, have returned to experiencing depreciation. But things are slightly different for Ethereum (ETH),the second largest cryptocurrency by total market capitalisation. The ETH signaled a rise not seen since 6 months, and people began buying. For ETH, which also exceeded the $ 175 limit for the first time in weeks, a serious rise could come in the coming days.
Renowned cryptocurrency analyst and economist Josh Olszewicz announced via Twitter that Ethereum had entered the formation in the chart below for the first time since July 2019. Ethereum, which has 200 days of EMA and cloud formation, had a serious upswing in July.
In addition, the analyst named Dave The Wave, who predicts Bitcoin will come down hard to $ 6,400 in 2019, stressed that the journey for Ethereum to $ 200 has begun. The fact that two key analysts are so optimistic for Ethereum means a hard rise will come.