FSInsight Puts Ethereum At $12,000 EOY, Bullish Forecast For Bitcoin

This week in a note to investors, Fsinsight, a Fundstrat company, said bitcoin could reach $200,000 during the second half of the year. In the investor’s note, Fsinsight’s head of digital asset strategy, Sean Farrell, said the parabolic growth would be due to “legacy market capital entering the fold.” Fsinsight: ‘Bitcoin to Tap $200K in H2 2022, Ethereum Will Jump Close to 400%’ While last year’s $100K predictions went silent during the last month of 2021, bitcoin (BTC) price predictions are starting to appear again this year. According to....

The outlook report forecasts lofty price predictions for the two largest coins by market cap by the end of 2022 based on a series of key metrics. Financial research firm FSInsight predicts in a new report that Bitcoin could reach $222,000, and Ether could reach $12,000, by the end of 2022.At current prices of BTC ($43,350) and ETH ($3,080), that would mean a nearly five-time and four-time increase in price for each coin respectively.The Digital Assets In A Post-Cycle World report explained several factors that are likely to combine to drive prices to those heights by the end of the year.....

Ethereum has seen some optimistic price predictions this year. While a lot of analysts have erred on the conservative side, others have gone the route of being overly optimistic. With some putting the price of the altcoin at $20,000, like in the case of Real Vision founder Raoul Pal. But none have gone as high as where the British banking giant puts the price of the asset. There has been widespread sentiment in the market regarding the potential of Ethereum to overtake Bitcoin at some point, and it looks like institutions believe this too. Last month, deVere CEO Nigel Green said in a....

Ethereum price change in bias forecast was a success, as ETH/USD spiked higher and even broke the $10.00 resistance area. Ethereum Price – Buy near trend line support? Ethereum price ETH continued to trade higher against the US and just as I forecasted a change in trend from bearish to bullish, there were bids during the past couple of sessions. Yesterday, I mentioned that the price may even test the $10.00 level, and it did happen recently. ETH/USD broke the stated level and traded as high as $10.44. Now what? I think buying dips may be considered. There is a bullish trend line formed on....

Ethereum has had a good year in 2021, although the digital asset is looking to close out the year on a less than a bullish note. Nevertheless, investor sentiment around the altcoin continues to be on the positive side as most expect the cryptocurrency to do well in the coming years. One of those is a crypto research analyst at Fundstrat, Armando Aguilar, who believes that Ethereum will double in price next year. Ethereum Heading For A Big Year In a report on Business Insider, Aguilar noted that the year has been a choppy one for the cryptocurrency market. There were several bull rallies....