Trader Reveals What Bitcoin Price Will Hit By The End Of This Cycle
Bitcoin vs Ethereum: Which Peak Will Come This Cycle?
A popular cryptocurrency analyst has just revealed his price target forecast for Bitcoin (BTC) and Ethereum (ETH) in the current bull cycle, based on reliable historical indicators.
Can Bitcoin Hit $182,000?
Trader Ali Martinez , who has over 120,000 followers on the X platform, uses the Mayer Multiple indicator to analyze Bitcoin's price outlook.
The Mayer Multiple measures the difference between the current Bitcoin price and its 200-day moving average, helping to identify overbought or oversold market conditions .
Martinez explains:
“History shows that Bitcoin market tops always occur when the Mayer Multiple exceeds 2.4.”
Currently, the Mayer Multiple level of 2.4 corresponds to a Bitcoin price of around $182,000 , indicating that the cryptocurrency has significant room for growth.
At the time of writing, Bitcoin is trading at $98,772 .
Can Ethereum Go To $6,770?
For Ethereum, Martinez tracks the MVRV Pricing Band metric , an on-chain metric that measures investors' unrealized gains or losses.
According to him, in previous cycles, Ethereum usually peaked when the MVRV Pricing Band exceeded 3.2.
Based on this analysis, Martinez predicts that Ethereum could reach $6,770 before entering a broad profit-taking phase.
Currently, Ethereum is trading below the predicted level, but investors are still hopeful for the next strong growth.
A Warning to Investors
While these predictions are based on historical indicators, Martinez stressed that the cryptocurrency market is always risky.
Investors need to be cautious, closely monitor market signals and manage risks well before deciding to participate or take profits.
Will Bitcoin surpass $182,000 and Ethereum hit $6,770 as expected? Let's wait and see what happens next! 🚀