Bitcoin Price Recovers, Ethereum & New Crypto Coins Pump – Trader Predictions

Last updated:
Author
James Spillane
Author Categories
About Author

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
Ad DisclosureWe believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. Read more

The Bitcoin price is up over 2% and the ETH price double that – is it time to buy new cryptocurrencies for altcoin season? What do traders predict?

Bitcoin Price Up

The crypto markets still have to contend with PPI data later today then CPI and FOMC next week, but at press time Bitcoin has closed two four hour candles over the 200 moving average, and just below the 200 EMA, trading at around $17,200.

A high timeframe candle close above $17,500 would be a bullish reclaim of the June 2022 lows and a move back into a five month trading range, making all of the bearish action following FTX exchange’s insolvency in November appear to be a short term deviation below that range on the Bitcoin price chart.

Then the next logical price target for Bitcoin would be the top of that range, around $25,000 and $2,000 for the Ethereum price.

Ethereum Price Leading – Altcoin Season?

The ETH price outperforming BTC is often cited as an indicator of an ‘alt season’, i.e. that it’s a good time to build a position in altcoins.

Many of the best crypto traders to follow on Twitter predict that ETH/BTC, currently at 0.075, will continue its multi-year uptrend to hit 0.1 – 0.12.

Zoran Kole’s Crypto Price Predictions

<oembed url=”https://twitter.com/Captain_Kole1/status/1594827625507299339[/embed]

Zoran Kole recently tweeted the above Bitcoin price prediction and ETH prediction for 2023, even if both do dip first in a ‘capitulation’ scenario.

His bullish Ethereum price forecast if accurate wouldn’t necessarily benefit all altcoins however – as he notes old cryptocurrency tokens or ‘dinosaur coins’ would not be a good investment as they would underperform simply holding ETH.

Jacob Bury Crypto Price Predictions

Our resident crypto analyst Jacob Crypto Bury posted a bullish Bitcoin price prediction on YouTube this month.

He runs a crypto Discord server focused on investing in new crypto coins with high future growth potential.

Bitcoin is up almost $1,000 since his BTC price prediction video.

Koroush AK’s Crypto Price Predictions

Koroush AK also tweeted this week that 99% of existing crypto assets would become ‘dead coins’ by the next cycle – just as tokens like Antshares (NEO), Raiblocks (NANO), and Verge (XVG) were largely ignored even in the 2021 crypto bull run.

<oembed url=”https://twitter.com/KoroushAK/status/1600487390719655939[/embed]

The two professional traders have almost half a million followers across Twitter, Telegram and YouTube combined.

Time to Buy New Cryptocurrency Tokens?

An interesting follow up comment Koroush AK made echoes the sentiment of many crypto traders – that if choosing to invest in altcoins, pick new coins as those will have the highest upside potential.

Even the new cryptocurrency assets that later turn out to be ‘shitcoins‘ could still result in ‘insane gains’ in the short term, far outperforming the ‘lagging pumps’ of dino coins.

<oembed url=”https://twitter.com/KoroushAK/status/1600502645617303556[/embed]

Best Crypto to Buy Now

The Bitcoin price topped out at $69,000 on Binance against USDT on November 10th, 2021 – the current bear cycle dubbed ‘crypto winter’ has lasted one year and one month measured from then.

Despite that, new cryptocurrency projects have managed to pump and make headlines, and new crypto presales have seen huge levels of buying from early investors wanting to hold the next big crypto. Some new token sales we’ve reported on recently are now close to selling out and launching on crypto exchanges.

<oembed url=”https://twitter.com/IMPT_token/status/1600871945465384961[/embed]

Those include carbon offsetting crypto project IMPT which has now raised over $16 million at impt.io and ends December 11th.

Not far behind is Dash 2 Trade (D2T) which has passed $9 million at dash2trade.com, the native token of an upcoming cryptocurrency analytics platform which in itself helps traders decide on the best cryptos to buy.

Learn more about those tokens and more on our guide to new cryptocurrency assets.

Visit IMPT Presale

More Articles

Industry Talk
Binance’s TST Coin Rallies 100x After CZ Tweet – Which Meme Coin Will Pump Next? 
Harvey Hunter
Harvey Hunter
2025-02-10 16:02:29
Blockchain News
Injective Launches S&P 500 Index On-Chain, Enables TradFi Access on DeFi
Sead Fadilpašić
Sead Fadilpašić
2025-02-10 15:42:26
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors