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  • ๏ปฟAnjali Belgaumkar
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    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 โ€œEnthusiastโ€ but trust me I'm getting there.

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  • Reviewed by: Qadir AK
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    Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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  • 1 minute read

Exclusive: Analyst Sees Bitcoin at $150K and Ethereum at $12K

Story Highlights
  • Bitcoin dips below $110K after a 24,000 BTC sell-off; Ethereum shows strength, signaling potential outperformance in the current cycle.

  • Analyst forecasts $150K-$180K for Bitcoin and $8K-$12K for Ethereum, with altcoins set to shine after the next market peak.

The cryptocurrency market has slipped into red territory once again. A wave of liquidations has pulled Bitcoin below $110,000, while Ethereum has also retraced after reaching a fresh all-time high recently. The immediate trigger was a massive sell-off: on August 25, a single entity dumped 24,000 BTC, sparking a sharp flash crash.

While panic gripped through the market, analysts say that the real question is not the dip, but where Bitcoin and Ethereum could be heading by the end of this cycle.

Ethereum Shows Strength Against Bitcoin

Crypto analyst Lennaert Snyder explained that Ethereum is currently showing relative strength against Bitcoin. The ETH/BTC chart has printed fresh highs, a sign that capital is rotating toward Ethereum even as Bitcoin cools down.

โ€œIn the near term, I expect ETH to outperform. After Ethereum cools off from its expansion phase, I believe Bitcoin will have another leg up,โ€ he said in an interview with Coinpedia.

This rotation between the two assets has historically marked the early stages of new cycles, with Ethereum often gaining first before Bitcoin reclaims dominance.

Despite the short-term pain, Snyder remains bullish about Bitcoinโ€™s trajectory. He expects the worldโ€™s largest cryptocurrency to eventually push higher once the dust settles from the flash crash.

โ€œMy estimated target is around $150K/$180K,โ€ he said.

Ethereumโ€™s Long-Term Targets

While Bitcoin may make noise as digital gold, Snyder sees Ethereumโ€™s long-term growth as equally strong. ETH could chart a powerful run of its own once Bitcoin reaches its next top.

โ€œMy final target for Ethereum is around $8,000 and $12,000,โ€ Snyder shared. He also added, “Again, these are just estimations.”

Once Bitcoin and Ethereum reach their peaks, capital often rotates into altcoins. Snyder expects the same pattern this cycle.

โ€œAfter Bitcoin potentially tops out, I expect Ethereum to have another push, with altcoins also getting their moment to shine,โ€ he concluded.

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