Publication date: March 6, 2025

I am sure you are aware that cryptocurrencies experience huge price movements and that developments are rapid. In addition, cryptocurrencies are also hugely popular among a large proportion of investors. Therefore, we like to keep you timely and tightly updated on important moments for the two biggest cryptocurrencies, Bitcoin and Ethereum. Today another update because it's time for action again.

First, let's go back to our most recent article on Bitcoin and Ethereum. This article was published on January 15, 2025 and can be found here:
Read here: Bitcoin & Ethereum January 2025

Bitcoin

As you can read in the conclusion of the January 15 article, Bitcoin was at $100,000 at the time and was expected to follow a correction to $85,000 and $75,000. This correction is currently underway and according to our algorithmic model almost at its end! The price movement of the past six weeks is exactly as expected and is the set-up for the next price rise. The most likely scenario expects a rise to around $140,000.

Attached is the chart of Bitcoin as of September 2024.

Ethereum

As you can review in the January 15 article, Ethereum was at $3,300 at the time and was expected to fall to around $2,100. At this level, a position can be considered, but we preferred the Bitcoin.

Bitcoin's pattern and price movement is calmer and also has fewer large declines. Which is nice in the highly volatile cryptocurrencies market.

This week's low at $2,100 indicates that the price has already fallen 36% in six weeks. Given the course of the price decline, our system expects a further drop to around $1,600. From that level, Ethereum could rebound significantly to eventually reach $2,800.

Below is the chart of Ethereum as of August 2024. The algorithm does not expect a new High but does expect a substantial recovery in percentage terms from $1,600 to $2,800 (+75%).

Conclusion

Bitcoin and Ethereum have both moved as expected and both are currently on the eve of the end of the correction. According to our system, Bitcoin could still fall about 15% to around $75,000 and the more-moving Ethereum could still fall as much as 24% to around $1,600.

At the previously mentioned levels of $75,000 and $1,600, both cryptocurrencies could start to make a solid price jump according to our most likely scenario. Bitcoin has a price target of $140,000 (+85%) and Ethereum has a price target of $2,800 (+75%). Moreover, both price targets are for 2025.

Bitcoin remains our preference as its price pattern is more stable. The potential is almost equal to Ethereum but the downside risk is more manageable. Moreover, Bitcoin also gives a buy signal in our system at the breakout above $95,500.

These are relatively big moves, but this can happen in a day in cryptocurrency. Last week was another perfect example of the huge volatility. Bitcoin was still trading at $78,000 on Friday and on Sunday it ticked up to $95,000 (+21%). Monday back down to $81,000
(-15%) and currently back at $93,000 (+15%). So be alert and consider carefully yourself to take or expand a position at the discussed levels.

Disclaimer: Investing involves risk. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts' own insights and experiences. They are therefore for educational purposes only.