The cryptocurrency markets saw a monumental green wave this week. Bitcoin and Ether quietly reached new all-time highs on the back of Coinbase’s direct listing and the Berlin fork. In the meantime, the meme cryptocurrency Dogecoin rose to over 400% and briefly claimed a place as the top 5 cryptocurrency by market capitalization.
Despite this week’s media hype and market action, PlanB showed that Bitcoin is still not as overbought as it was at the highs of the 2017, 2013 and 2011 bull cycles. He reckoned that if Bitcoin hit these levels, it would see a price of US $ 90,000 by the end of April -Dollars.
But this explosive week still has many questions: “Does the market have enough steam to continue this bull wave?”
The experienced trader and market analyst Eric Crown believes:
“Until I see a weekly reversal, I won’t call a high. For this time, at least I won’t really leave the spot markets and just try to enjoy the ride. “
In this exclusive Cointelegraph interview, Crown explains:
- Short, medium and long term price targets for Bitcoin and Ether
- How to recognize a top in the market
- Why the Coinbase listing could lead to a US Bitcoin ETF and a six-digit Bitcoin
- Why DOGE posted the biggest gains of any cryptocurrency this week
Check out the full video on Cointelegraph’s YouTube channel and don’t forget to subscribe!