What a weekend for crypto enthusiasts! The Bitcoin price breaks the $ 30,000 mark and sets a new all-time high at around $ 34,400 and there seems to be no end in sight.
But not only Bitcoin saw strong growth over the weekend. The number 2 cryptocurrency by market capitalization has just hit the $ 900 mark.
Although the cryptocurrency is still a bit away from the previous all-time high of around $ 1,300, the chances are good that ETH will see further upward movements in the coming weeks and months.
Ethereum towards $ 1,000
A number of well-known analysts are already loudly writing after a close of over $ 1,000 by the end of next week, as trader yTedd describes in the following tweet.
Buy Ethereum directly Buy Ethereum guide
But not only he is bullish at ETH. The well-known and also accurate analyst CryptoBirb has been publishing analyzes for months that show that Ethereum is well on its way to reaching new highs:
By the way, the trader also suspects a strong increase in Litecoin in the next few weeks (for instructions on how to buy Litecoin with PayPal ).
Altcoins only know one direction today
There seems to be only one direction for the crypto market this weekend. Ethereum is rising by over 20% while Litecoin is also rising sharply and surpassing the $ 150 mark. But the remaining top 10 coins, with the exception of Ripple (XRP), are also making strong profits.
One thing seems to be clear at the moment: the more bitcoin moves, the more altcoins follow suit. PlanB, the developer of the Bitcoin S2F model, released its latest data in a tweet today, as can be seen in the following tweet:
In the graph above you can see the development of the BTC after the halving and it actually seems to be the case that the price is developing as in the last bull cycles. He emphasizes that it is possible that we could see a Bitcoin price of $ 100,000 in the next 3 to 8 months.