Price predictions 8/8: BTC and ETH
Bitcoin (BTC) Outlook
Bitcoin is trading around $116,400 and showing strength at this price level. Many experts believe the crypto market may move sideways unless something big pushes momentum again. However, some market leaders are still very positive. One well-known analyst believes BTC could rise to $200,000 or even $250,000 before the end of this year, mainly because large institutions and crypto ETFs are bringing more money into the market.
From a technical view, BTC recently bounced from $114,000, showing strong buying interest. If it can hold above $116,000, the next possible move is toward $120,000. If that level breaks, Bitcoin may aim for its previous high near $123,000. But if BTC drops below $116,000, it may fall to test $113,000 or even $110,000. So far, the market looks balanced, but investors are keeping a close eye on outside news and global trends.
The current price zone is very important. Staying above support levels could push BTC to fresh highs. Falling below could bring more weakness. For now, BTC is in a critical zone where any strong buying or selling may create a new trend.
Ethereum (ETH) Outlook
Ethereum is trading around $4,039, staying near a key resistance level. Traders are watching closely to see if ETH can hold above $4,000. If it does, the price may move toward its all-time high at $4,488. The outlook for Ethereum is still positive, especially because the network is growing stronger with more users, faster upgrades, and better support from the crypto community.
Some analysts believe Ethereum has a chance to reach $6,000 or more in this cycle. Its strong tech updates, faster transactions, and scaling improvements make it a favorite for long-term investors. But ETH still needs to clear the resistance around $4,000 with strength.
If Ethereum falls back, important support is around $3,300 to $3,400. If that breaks, the next level is close to $3,100. But right now, the bulls seem to be in control, and many are expecting another move up if volume stays strong.
Summary
Bitcoin is standing firm above $116,000. If this strength continues, we may see a push toward $120,000 or even $123,000. If not, a drop to lower support levels is possible.
Ethereum is also looking strong. A move above $4,000 could bring big gains. But if it loses support, it may pull back slightly before trying again.
This is a key moment for both BTC and ETH. Traders should stay alert and follow the price movements closely. Big opportunities may be just around the corner.
#ETHBreaks4000 #BTCUnbound
