Bitcoin and Ethereum Reach New Levels in 2023: What's Next? - Latest cryptocurrency news

Bitcoin and Ethereum Reach New Levels in 2023: What’s Next?

2023 has been a period of reaching new levels for Bitcoin and Ethereum, and crypto investors are curious about what these new records could be. In this crucial stage where every new prediction matters, analysts Ali Martinez and Alex Thorn shared their evaluations, believing that Bitcoin and Ethereum will continue to rise.

Bitcoin and Ethereum started the week with an increase, breaking new records in 2023. BTC reached $40,884 and at the time of writing, Bitcoin was trading at $40,736 with a 1.87% increase.

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Ethereum also broke its 2023 record, rising to $2,228. After a slight pullback, Ethereum was trading at $2,216 at the time of writing.

According to Alex Thorn, there is increasing activity from investors buying at the $40,000 level, indicating an expected rise. Therefore, BTC is in an accumulation phase. This accumulation shows market participants strategically positioning themselves and anticipating a change in momentum.

According to Ali Martinez’s Ethereum prediction, the current price above $2,000 offers a potentially attractive buying opportunity supported by data showing a significant amount of token purchases within this range. Martinez states that according to information from intotheblock, a total of 43,800,000 ETH was purchased between $1,900 and $2,100 in a total of 5,850,000 wallets. This accumulation demonstrates investors’ interest and commitment to these price levels and could create a strong support level for Ethereum in the future.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
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