Bitcoin(BTC) and Ethereum(ETH) Price Prediction in the Upcoming Bull Run

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Renowned crypto analyst “Louround” predicts a groundbreaking bull run for Bitcoin and Ethereum. In a tweet that quickly went viral, Louround stated that BTC could reach $100K – $200K, while ETH targets $16K – $34K, causing a stir within the digital asset community.

Bitcoin And Ethereum Price Forecast

Why I believe $BTC will reach between $100K – $200K and $ETH $16K – $34K in the next bull run.

A … pic.twitter.com/vDsi60Wma0

— Louround (@Louround_) July 11, 2023

In a series of tweets that have set the crypto community abuzz, well-known crypto analyst Louround predicts that Bitcoin and Ethereum prices will surge, in the near future. 

He is been known for his accurate market assessments and bold predictions, Louround believes Bitcoin could hit $100,000 to $200,000. Ethereum might surge to $16,000-34,000. Eventually, his predictions were aligned with positive market sentiment fueled by institutional adoption and growing mainstream acceptance of digital assets.

Louround begins his analysis by highlighting a significant pattern in the crypto industry: the bull run periods triggered by Bitcoin halvings. The halvings, which result in a reduction of liquidity mining and selling pressure by miners, have been historically associated with surges in Bitcoin’s price. Louround suggests that the upcoming halving scheduled for April 2024 could initiate another bull run, similar to previous instances.

To support their projections, Louround conducts an analysis of CoinMarketCap data from 2015 to the present. While acknowledging the inherent difficulty in precisely forecasting prices, they believe that Bitcoin could surge 9 to 19 times from its bottom at $15,000, potentially reaching the range of $100,000 to $200,000. 

Similarly, they anticipate Ethereum could climb from $16,000 to $34,000. However, Louround emphasizes that these figures should be considered as targets rather than certainties, given the unpredictability of the market.

Major Altcoin Market Growth in Next Bull Run

Further exploring the impact of halvings on the cryptocurrency market, Louround proposes that the market capitalization of altcoins will experience significant growth. They emphasize that the current market caps of major projects are relatively low compared to their potential in the next bull run.

While market cycles and halvings resemble patterns seen in real estate and stock markets, Louround acknowledges the unique characteristics of the crypto market, which operates at an accelerated pace. He expresses his belief in the irrationality often witnessed in crypto markets and acknowledges the challenges of forecasting exact numbers due to the relative youth of the industry. Unforeseen events, both positive and negative, can significantly impact these projections.

Market participants eagerly await the next bull run to witness if Louround’s persuasive arguments will materialize. The potential for Bitcoin and Ethereum to reach such remarkable price levels could have far-reaching implications for the entire crypto ecosystem, attracting increased attention and widespread adoption.