In a recent analysis, cryptocurrency analyst Rager suggests that investors may have a final opportunity to purchase Bitcoin (BTC) and Ethereum (ETH) at lower prices before the market enters its next bullish phase. Rager, who shares his insights with nearly 200,000 followers on social media, predicts a potential pullback in both Bitcoin and Ethereum around the time of the April halving event, when Bitcoin miners’ rewards are slashed in half. This anticipated correction could present investors with a prime buying opportunity before the market takes off.
Taking a closer look at Bitcoin, Rager expects a brief retracement that will pave the way for a rally above $60,000. He notes that while there may be short-term pullbacks, there are significant upside opportunities for Bitcoin and the overall market. As for Ethereum, Rager believes that the digital asset is positioned for further gains, with a target of $3,500 in the near future. The discussion around an Ethereum spot Exchange-Traded Fund (ETF) could potentially drive the price to reach this target sooner rather than later.
As of the time of writing, Bitcoin is trading at $51,683, while Ethereum is valued at $3,031. Rager’s analysis suggests that the upcoming market movements, including a potential pullback and subsequent rally, could offer investors a final chance to accumulate these cryptocurrencies at lower levels before a significant upward trend. With the market dynamics hinting at a potential rise in both assets, investors may want to keep a watchful eye on the developments in the coming months.