Welcome to Trade Secrets — Bitcoin and Ether price predictions from top analysts, along with options data, sentiment analysis and prediction markets to determine what they can tell us about the months and years ahead.
Bitcoin will have a ‘tougher’ time if doesn’t catch up to gold and stocks by year-end
Bitcoin is facing a critical two-month countdown before market sentiment could shift dramatically for the asset, warns crypto analyst Will Clemente.
“If Bitcoin doesn’t catch up to gold/stocks by EOY, on a risk-adjusted basis, it’s going to be tougher to make a case for it going forward as anything more than a diversifier,” Clemente said.
“Yes, its returns have outpaced from 2010, but there are no more base effects now,” Clemente said. gold’s market capitalization reached a record $30 trillion on Thursday, with the commodity having surged by more than 54% this year to a new all-time high of $4,357 per ounce. The milestone market cap peak means that gold is now 14.5 times larger than Bitcoin’s market capitalization, which is around $2.17 trillion.
MN Trading Capital founder Michaël van de Poppe said capital from the gold market must shift back into Bitcoin to get out of its “crucial resistance zone.” “Whether it is the rotation of money or whether it’s a shift from risk-off toward risk-on,” van de Poppe said.
JPMorgan analysts said that Bitcoin could still be undervalued by as much as 40% compared to gold on a volatility-adjusted basis. Bitcoin is trading at $111,190 at the time of publication, according to CoinMarketCap. A 40% increase would mean Bitcoin’s price would be around $156,000.
Analysts expect a short-term bump in Bitcoin’s price
Prices may have tanked on Oct. 10, but sentiment across Bitcoin, Ethereum and Solana anticipates a recovery rather than further falls.
Crypto Tristan said, “I’m expecting a big bounce soon,” while trader Jelle said, “Little sideways chop, everyone gets progressively more scared of another leg lower — and then we bounce.”
Crypto exchange Gate’s chief business officer, Kevin Lee, tells Magazine that Bitcoin “is likely to regain momentum” and potentially stabilize between $120,000 and $125,000 soon.
However, economist Timothy Peterson has a more conservative outlook, telling Magazine it is likely we’ll see a three to four week “cooling off” period before Bitcoin resumes its rally:
“Perhaps at a slower pace than before.”
BitMine’s Tom Lee and BitMEX founder Arthur Hayes, remain confident in their predictions that Bitcoin will reach $250,000 by year’s end.
Almost nobody will see Ether’s price surge coming: Analysts
Ethereum’s price is also due to make a significant move according to subtle signals emerging on the price chart.
Crypto analyst Titan of Crypto said, a “bullish divergence could be playing out.” This indicator signals that bears are losing power as the price falls to a local low but the oscillator does not. Ethereum’s price is down 11.10% over the past 30 days, trading at $4,039.70 at the time of publication, according to CoinMarketCap.
Analyst SinaOsivand said, “Ethereum is quietly stabilizing while funding rates stay calm.” “The structure looks ready for a leg up — potential target around $4,300 before the next altseason,” SinaOsivand added.
“It’s starting to move on its own path away from Bitcoin,” he said.
Trader Mister Crypto said, “Ethereum is about to enter the distribution phase” and “almost nobody will see it coming.”
Technical analyst Crypto Caesar highlighted the $4,500 to $4,800 range on the ETH price chart, and said, “We need to get back into this range asap.”
The last time that Ether traded within that range was Oct. 10, before US President Donald Trump’s tariff announcement on China spooked the crypto market.
Solana might be the ‘next big breakout story’
Solana’s price may have reached its local bottom along with Ethereum, according to legendary trader John Bollinger, creator of the Bollinger Bands indicator.
“Gonna be time to pay attention soon, I think,” Bollinger said, explaining that the assets may have reached their potential “W” bottoms, a bullish reversal signal indicating potential upward price movement.
Solana is trading at $189.87 at the time of publication, according to CoinMarketCap.
Solana’s supply is being absorbed around this price level, according to crypto trader Yimin X, who says that Solana is “coiling inside a tight ascending channel.”
“SOL might be the next big breakout story,” Yimin X said. “Each retest of the lower trendline has found buyers faster, not slower,” he said.
If this structure is an accumulation pattern, Yimin X…
cointelegraph.com