Ethereum & Bitcoin Predicitons: ETH Could Experience A Rally By The End Of 2018 And BTC Could Hit Bottom At $2,900

Fibo Quantum

The latest crypto predictions are quite exciting and they include some good news for Ethereum and some pretty lousy news for Bitcoin.

Ethereum at the end of 2018

From the very first time since September, there’s a technical indicator which is pointing to a potential rally for ETH, now at the end of the year.

Bloomberg has reported that the last time when the GTI VERA Convergence Divergence Technical Gauge (which detects trend reversals) has found a similar pattern, ETH rallied back then for about a month.

Apart5 from this, Ethereum is enjoying significant achievements these days.

The latest data reported by The Block from Etherescan.io says that the number of unique Ethereum addresses recently hit a new milestone and surpasses a key figure – 50 million.

This is definitely a massive achievement for any network, as you can imagine.

Bitcoin current situation

The founder of investment company BKCM recently said that he strongly believes BTC will be hitting bottom only when it reaches around $2,900.

“I think we’re getting closer to the bottom. We have the preconditions for the bottom. The mania that we had last year – you’re seeing that reflected here in a pessimism. So the preconditions are there. It wouldn’t surprise me if we pop down to $2,900 on Bitcoin before we bottom,” he said.

In other news, Bitcoin seems to have a useful supporter. It was recently reported that the U.S. President Donald Trump had chosen Mick Mulvaney to serve as the White House Chief of Start starting in 2019.

Having a high profile official and also an influential member of the Trump administration who also supports Bitcoin is great on the long-run.

More than that, the presence of an official in the government who supports Bitcoin could encourage more officials to objectively evaluate cryptos and carefully analyze their benefits before dismissing the idea altogether.

Rada Mateescu

Rada attended the courses in the Faculty of Letters, Romanian-English section, and finished the Faculty of Theatre and Television, Theatrical Journalism section, both within the framework of Babeş-Bolyai University of Cluj-Napoca. Up till now, she reviewed books, movies, and theatre-plays, enjoying subjects from the cultural niche. Her experience in writing also intersects the IT niche, given the fact that she worked as a content editor for firms that produce software for mobile devices. She is collaborating with online advertising agencies, writing articles for several websites and blogs.