News View Non-AMP

Bitcoin & Ethereum Price Prediction: How High Can BTC & ETH Price Surge This Bull Run

Published by
Anjali Belgaumkar

Crypto analyst Crypto Kid delivered a mixed message to the cryptocurrency community, sounding the alarm on a potential Bitcoin downturn.

While acknowledging the short-term dip, Crypto Kid delved into the analysis of Bitcoin’s price action, highlighting the formation of a double top pattern and the significance of key support levels. He outlined potential scenarios, indicating that if Bitcoin fails to find support at critical levels, a further decline to $66.7k could signal a bearish trend reversal.

He talked about how history often repeats itself in the cryptocurrency market. Back in 2020, Bitcoin followed a pattern where it formed a bullish pennant, took some time to consolidate, and then surged. He compared this to his current analysis, suggesting that Bitcoin could follow a similar path, possibly hitting $90k-$92k or even $100k.

He also mentioned a potential rise in altcoins. Regarding Ethereum, he noted that it hasn’t reached a new all-time high yet, but he predicted it could reach $6,800 based on its current trend.

However, amidst the cautionary tone, Crypto Kid shifted gears to discuss the potentially game-changing news of Hong Kong spot ETF approvals. He stressed the significance of these approvals, noting that they could unlock billions of dollars in capital inflow into Bitcoin.

Read Also : Bitcoin, Ethereum and XRP Price Prediction For This Week: Will Bears Dominate Halving Spree?

With Bloomberg expecting an approval announcement as early as Monday, Crypto Kid painted a bullish picture of the potential influx of institutional and retail investment into Bitcoin.

Drawing parallels to previous market trends, Crypto Kid predicted a surge in Bitcoin’s price following the approval of spot ETFs, fueled by FOMO from Asian investors seeking exposure to Bitcoin through regulated investment vehicles. He cited the success of other ETFs and the massive inflows they attracted, indicating the potential for similar, if not greater, enthusiasm for Bitcoin ETFs.

Did You Know : MicroStrategy Doubles Bitcoin Profits as BTC Price Soars 463%

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

XRP Price To Revisit $2 Before ‘Final Blastoff’

XRP is currently down by more than 1% in the last 24 hours. The price…

April 2, 2025

Ethereum Price Prediction 2025, 2026 – 2030: Will ETH Price Hit $5k in 2025?

Story Highlights The Ethereum price today is . ETH price with a potential surge could…

April 2, 2025

Altcoins to Watch as The US Is Set to Reveal Its Crypto Stockpile On April 5

President Donald Trump’s decision to create an official U.S. government crypto reserve has sparked huge…

April 2, 2025

Bitcoin Price Prediction 2025, 2026 – 2030: Is $100k Arriving Anytime Soon?

Story Highlights The Bitcoin price today is . The BTC price could hit a maximum…

April 2, 2025

Sui Price Prediction 2025, 2026 – 2030: SUI Price To Hit $10 This Year?

Story Highlights The live price of SUI crypto is . The SUI price is expected…

April 2, 2025

This Token Is Still Priced at $0.025 — But It’s Already Closing In on a $6M Funding Milestone

In a time where many crypto tokens have already experienced their major runs, a few…

April 2, 2025