“This is not a certainty. It is a probabilistic outcome. For me, $20,000 ETH and $200k BTC is a shoo in (70% + chance).
What outperforms and how this plays out is anyone’s guess…”
Pal says that currently, Bitcoin is replicating the price behavior it displayed in 2013.
“BTC continues to follow 2013 very well.”
“I think there is a decent chance (not a certainty) that this BTC cycle extends longer in time and higher in price…”
“And ETH…bigger move…$40,000 by March/June would only be one standard deviation overbought versus trend.”
“No. It will go down much less, IMHO (in my humble opinion)”.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/intueri