Bitcoin could top $90,000 and ETH could skyrocket to $15,000 but history warns

[Micky]

Bitcoin and Ethereum have entered their second-most bullish month and could continue their respective runs with new highs by the end of it, reads Kraken’s monthly report. However, the paper outlined a potential $10,000 price drop for the primary cryptocurrency if history is to repeat itself before heading north again.

BTC and ETH: The Bull Side
Overall, March was a positive month for the cryptocurrency market, with the two largest digital assets, namely BTC and ETH, registering new records. In its monthly report on the industry’s development, the veteran US exchange Kraken indicated that bitcoin ultimately gained 30% and closed its sixth consecutive month in green.

This is the asset’s longest monthly winning streak since 2013, when it had seven back-to-back months of increases between November 2012 and May 2013. History suggests that BTC could match that record after April, which is on average the second-best performing month with a medium increase of 51%.

With bitcoin entering the new month at roughly $59,000, a 50% surge will take it to just shy of $90,000.

When it comes down to ether, Kraken seemed even more bullish. The report said the asset currently resides between two major bands – $1,462 and $2,695 and highlighted the latter as the next “big test of resistance.”

Bitcoin Price to $90,000, Ethereum to $15,000 if History Repeats: Kraken Report
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