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<a href="https://en.coin-turk.com/bitcoin-price-drops-to-27000-is-the-journey-to-30000-or-23000/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cryptocurrency</a>-focused YouTube channel Coin Bureau’s host and cryptocurrency <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">analyst</a> Guy Turner warned that <a href="https://en.coin-turk.com/tim-draper-maintains-250k-bitcoin-price-prediction-amid-regulatory-concerns/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) is not exempt from the law of diminishing returns and predicted the peak that the largest cryptocurrency can reach during the next bull market. The analyst also indicated the next peak for the altcoin king Ethereum (ETH).
Based on the historical gains of the largest cryptocurrency, Turner emphasized that Bitcoin could rise by about 250% from the current level during the next bull market, and said the following:
<blockquote>
 TThere are many ways to measure historical gains. The method we like to use is to look at the previous support and resistance zone for the entire cycle and compare it to the last peak. For BTC, this support and resistance zone was around a thousand dollars during the first cycle. BTC’s peak in 2017 was around 20 thousand dollars, which means it brought 20x gains.
 In the second cycle, BTC’s key support and resistance zone was around ten thousand dollars. BTC’s peak in 2021 was 70 thousand dollars, which means it brought 7x gains. This shows that BTC has diminishing returns over time, which makes sense when you consider that this happens to every asset as it matures. If we accept this proposition, BTC needs to bring about 3x gains between its current key zone and the next peak.
</blockquote>
<img decoding="async" class="aligncenter size-full wp-image-270792" src="https://coin-turk.com/wp-content/uploads/2023/10/Bitcoin-BTC-Altcoin-2.jpeg" alt="" width="1280" height="720">
In his assessment of Bitcoin’s future, the analyst added, “As far as we understand, the current key zone for BTC is around 40 thousand dollars for this cycle. This level is especially logical when it is considered that the cost of mining BTC is roughly 40 thousand dollars after the next block reward halving. So, when a quick math is done, the next peak for the largest cryptocurrency will be around 120 thousand dollars.”
<h1 style="text-align: justify" id="altcoin-king-ethereum-prediction-of-7x-gains">Altcoin King Ethereum: Prediction of 7x Gains</h1>
Looking at Ethereum after Bitcoin, Turner predicted that the largest altcoin, based on market value, will rise by about 726% from the current level during the next bull market. The analyst detailed his prediction with the following words:
<blockquote>
 ETH is facing diminishing returns and seems to be trailing behind BTC in any cycle. The support zone for ETH in the previous cycle was around 250 dollars, and its peak in 2021 was around 5 thousand dollars. So, it brought 20x gains. This means that it will bring about 7x gains according to the current zone it is in.
 Similar to BTC, the key zone for ETH for this cycle is around 2,500 dollars. This corresponds to approximately 10x of the previous cycle zone. Interestingly, a 7x gain indicates that $15,000 is the peak for ETH.
</blockquote> Continue Reading: <a href="https://en.coin-turk.com/bitcoins-next-peak-marked-120000/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/bitcoins-next-peak-marked-120000/</a>

Bitcoin’s Next Peak Marked: $120,000

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