Ethereum

Bitcoin

<p>Despite the current bearish sentiment, the crypto market could experience a sharp rise by the November American elections. This is what Quinn Thompson, an expert from Lekker Capital, claims, who predicts Bitcoin at $100,000 and Ethereum at $7,000.</p>
<h2 id="h-an-imminent-market-reversal">An Imminent Market Reversal?</h2>
<p>Quinn Thompson from Lekker Capital displays overflowing optimism for the <a href="https://www.cointribune.com/en/crypto-solana-introduces-tools-to-facilitate-transactions/" target="_blank" rel="noopener noreferrer nofollow">crypto market</a>. Contrary to the prevailing pessimism, he anticipates a sharp growth of Bitcoin and Ethereum in the coming months.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>Furthermore, Thompson <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39551788/bitcoin-to-100k-ethereum-to-7k-by-the-november-election-says-crypto-vc" target="_blank" rel="noopener noreferrer nofollow">highlights</a> the striking contrast between the current negative sentiment and the euphoria that reigned in the spring. He warns against blindly following the bearish trend, reminding us of Bitcoin’s unexpected drop after the launch of its ETF. According to him, this shift in opinion creates a fertile ground for a spectacular turnaround.</p>
<p>The expert bases his predictions on several key factors. The American elections and potential interest rate cuts are major macroeconomic catalysts. On the sectoral level, he cites the imminent launch of the <a href="https://www.cointribune.com/en/ethereum-etfs-set-to-secure-15-billion-by-2025/" target="_blank" rel="noopener noreferrer nofollow">Ethereum ETFs</a>, Circle’s IPO, and the improved profitability of Bitcoin miners.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://bitvavo.com/fr/affiliate/coinmedia?a=_cta" target="_blank" rel="noopener noreferrer nofollow">€20 bonus for registering on Bitvavo</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<h2 id="h-promising-technical-indicators">Promising Technical Indicators</h2>
<p>Technical analysis supports Thompson’s vision. He notes that open interest in Bitcoin, Ethereum, and altcoins is at the lowest point of the cycle, while <a href="https://www.cointribune.com/en/crypto-stablecoins-on-track-to-conquer-10-of-the-monetary-market/" target="_blank" rel="noopener noreferrer nofollow">the supply of stablecoins is increasing</a>. This setup indicates significant upside potential.</p>
<p>Thompson also emphasizes that many indicators are at their lowest, suggesting that the bearish cycle is coming to an end. This convergence of technical and fundamental elements reinforces his conviction of an imminent and vigorous market recovery.</p>
<p>In summary, Quinn Thompson delivers bold predictions: he anticipates Ethereum reaching $7,000 and Bitcoin nearing $100,000 by November. While these targets may seem ambitious, they reflect the expert’s conviction in the explosive potential of the crypto market as the American elections approach.</p>

Bitcoin at $100,000: Expert’s Wild Bet Before US Elections

Table of Contents

Cointribune EN

Outros artigos publicados em 30 de jun. de 2024

BlockDAG’s DAG Innovation Sparks 30,000x ROI; Insights on TRX vs SHIB Clash & Solana’s Price Dip

Floki Inu Team Warns Community About Scams

Cryptocurrencies That Will Outperform Top RWA and Meme Coins

Coinbase’s Base Network Leads Ethereum Layer 2 with Surging Transaction Volume

Polygon Powers Up CryptoGames Casino: A New Era of Crypto Gaming

Crypto Watch: Bullish on BlockDAG’s 30,000x ROI as It Tops CoinSniper Amid XMR’s Delisting Concer...

Join our free newsletter for daily crypto updates!