What to Expect Next for Bitcoin (BTC) and Ethereum (ETH)? A Rise for One, a Fall for the Other!

The leading cryptocurrency Bitcoin (BTC), Ethereum (ETH), and altcoins experienced a rapid recovery in the last few days. However, this recovery stalled before the weekend.

With Bitcoin remaining above $70,000 and Ethereum above $2,000, different bets have emerged for BTC and ETH in the prediction markets.

Accordingly, investors in the prediction markets appear relatively optimistic about Bitcoin’s short-term rise, while they believe Ethereum is more likely to fall.

Investors at Myriad Markets believe that the rally initiated by Bitcoin will continue in the short term.

At this point, investors predict that the BTC price will “rise” to $84,000 and then fall to $55,000. This is because the $55,000 level was previously identified by the analytics firm CryptoQuant as the ultimate bottom of the bear market.

In contrast, investors do not show the same confidence in ETH. At this point, they predict that the ETH price will fall by approximately 25% from its current level to around $1,500 before a possible jump to $3,000.

Investors’ expectations for ETH also align with Polymarket and Kalshi’s short-term market forecasts.

Kalshi forecasters rate the probability of ETH trading above $2,500 in March at only 39%, while Polymarket users predict a higher probability of it trading below $2,400 throughout March.

Some Polymarket investors also claim that ETH could lose its second-place position by market capitalization to another project this year.

*This is not investment advice.

Continue Reading: What to Expect Next for Bitcoin (BTC) and Ethereum (ETH)? A Rise for One, a Fall for the Other!