BTC and ETH prize races to reach ATH!

After testing critical support at $ 44,000 mid-week, Bitcoin price has regained ground above $ 47,000. At the time of writing, BTC was trading a little over $ 47,000. As the focus changes to $ 50,000, buyers are more interested in getting higher support. The uptrend is expected to continue with the bulls targeting $ 50,000 as the next big barrier.

Cryptocurrency holders withdrew 111,000 BTC from exchange wallets in just 30 days.

Full-time Bitcoin skeptic Peter Schiff stated that the price of BTC could rise above $ 100,000 in the near future.

He didn’t shy away from voicing his critical stance on Bitcoin when speaking with Natalie Brunell at Coin Stories. After saying this, he also claims

“Of course I wish I had bought Bitcoin when I first heard about it – that was a serious mistake. Could have put $ 100,000 in – yes, I could have. I mean, I’ve invested $ 100,000 in other things that went bad.

I could have been one of the Bitcoin billionaires now, obviously knowing about it early on. If I could turn back time, that would be one of the things I would do. “

Also Read: BTC Price Analysis: Bitcoin Price Hits $ 47K Level! $ 50,000 seems imminent this weekend?

Ethereum Price Will Reach $ 4000 Soon?

Bitcoin and Ethereum are in high demand after the recovery as their values ​​have remained stable. After May 19, the two assets retained a strong structural link. However, if the trend continues to be bullish, Ethereum could have a tiny advantage in the long run. For the most part, Ethereum tends to follow the movement of Bitcoin.

The price of Ethereum followed a similar path as that of Bitcoin and started a new uptrend from the support level of USD 2,950. ETH has bounced back above the $ 3,150 and $ 3,200 resistance levels. It is currently facing resistance near $ 3,210 above which the price could test the $ 3,300 level. With investors keeping track of the all-important resale, the coin will most likely hold its bullish course as it rebounds to $ 3,500.

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