Bitcoin To Reach $139,000; Ethereum to $4,000 In A Few Weeks

Bitcoin and Ethereum continue to soar in the charts. They are hitting all-time records almost every day. As the cryptocurrency market cap surpasses $4 trillion, both the digital assets have been attracting strong bullish sentiments. Steve Gregory, founder of cryptocurrency exchange VTrader revealed exclusive to Watcherguru How high BTC or ETH can surge within a couple of weeks.

Investors who enter positions in Bitcoin or Ethereum can make money. BTC/ETH is receiving a lot of support through ETFs and ETPs. Retail investors are also accumulating digital assets in the bull market. Both institutional investors and retail traders are benefiting from the current rally.

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Bitcoin price target $139,000, Ethereum $4,000.

Gregory It is important to note that ETF flows into Bitcoin and Ethereum have now exceeded the total token supply, indicating a new bull run. BTC/ETH is bullish now that institutional funds are flooding the cryptocurrency market.

Bitcoin is now priced at $139,000 while Ethereum has a new price of $4,000. BTC hovered around $120,000 on Friday, and may surge 16% over the next few weeks. Ethereum also hit $3.600, and an increase of 12 percent is expected. A $10,000 investment in either of these would turn out to be $11,600 or $11,200.

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“The rally above $120k bitcoin was led by strong institutional flows in both ETFs and spot coupled with a rise in levered long positions. Open interest remains above $43B, with still strong bids for late fall calls. One key metric to follow is crypto ETF inflows now exceeds all token supply–indicating that mass adoption is accelerating. Internally, we believe that $139k is the next likely resistance for bitcoin and Ethereum will see $4,000 in a matter of weeks,” Steve Gregory is the founder of VTrader exclusive to Watcherguru.