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Bitcoin and Ethereum have entered their second-most bullish month and could continue their respective runs with new highs by the end of it, reads Kraken’s new monthly Crypto report.
History suggests that Bitcoin could match that record after April, which is on average the second-best performing month with a medium increase of 51%. With BTC entering the new month at roughly $59,000, a 50% surge will take it to just shy of $90,000.
Furthermore, the research estimated ETH’s potential peak during this market cycle based on logarithmic regression curves. If the second-largest cryptocurrency is to match its previous run, its price could surge by about 700% from March’s end to $15,238.
In other trending Bitcoin News today:
Elite Class of Crypto Assets Will Outperform Bitcoin, Says Macro Guru Raoul Pal
“Fascinating to see that since inception ETH has outperformed BTC by 250%. It only fell below its initial price in BTC for the first 5 months of its existence in 2015. Let that put rest to the idea that all other tokens trend towards zero in BTC terms.”
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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