Heads up, party people! Crypto is on the up and up, but don’t have your astronaut suits ready just yet. Market strategist Katie Stockton and Oppenheimer’s Ari Wald are here to rain on our parade, pointing out that the cryptos like bitcoin won’t skyrocket overnight. So, we might as well hold onto our party poppers until our digital tokens get their groove back in the long run.
So yeah, we have our cyber pom-poms waving, but hold on to your virtual horses. Julius de Kempenaer, senior technical analyst at StockCharts.com, says, “This is definitely a positive, but it is too early to call victory.” Plus, that big ol’ $30,000 mark everyone’s eyeing is more like a popular kid’s lunch table than a technical marvel. Who knows, maybe this mysterious range between $28,500 and $32,000 will be bitcoin’s new BFF?
Now, if Bitcoin manages to keep up the chumminess with that $28,500 buddy, we might just be looking at a fantastic joyride anywhere between $45,000 and $47,500. Hey, not too shabby, right? Our other crystal ball-gazer, Stockton, is eyeing a range between $25,200 and $28,100, with a slightly more conservative guess of $35,900 as her final answer. Wald thinks that the $32,000 from last June’s party could be the next best thing.
As for our other crypto pal, ether, de Kempenaer thinks the future hangs on whether it can chill around that cozy $1,850 spot. If yes, ether might gear up for an epic showdown between $1,900 and $2,000. If it comes out victorious, we’ll see some serious digital dancing.
But, when it comes to picking the ultimate crypto prom king or queen, de Kempenaer leans toward bitcoin, mainly because of its sweet sweet uptrend. It’s like choosing the guy with the slickest dance moves or the girl with the shiniest dress, really. So, folks, don’t forget to laugh along the way, and keep watching this wacky world of cryptos for the funniest twists and turns./n/n Serious news: https://www.cnbc.com/2023/04/11/where-bitcoin-goes-after-hitting-30000-according-to-chart-analysts.html