Cryptocurrency analyst Rager recently provided valuable insights to Bitcoin and Ethereum investors ahead of the impending rally. As part of his remarks, he revealed the best time to buy the two largest cryptocurrency tokens by market cap, namely Bitcoin and Ethereum.
“The last great opportunity of this cycle”
Rager opined in a post on X (formerly Twitter) that “the last great opportunity of this cycle” will come around the Bitcoin halving. In line with this, he also stated that he is still holding his positions and awaiting a “BTC and ETH pullback,” which he explicitly expects to happen between now and May.
In Rager’s opinion, this “good dip” represents the perfect time for cryptocurrency investors to position themselves ahead of this cycle’s upside. His statement also suggests that Bitcoin and Ethereum (and perhaps other cryptocurrency tokens) will operate at scale after this withdrawal occurs. Interestingly, analysts continue to identify this event as what will start the next uptrend.
Bitcoin could reach $60,000 soon
In a subsequent post He also provided an analysis of Bitcoin's current price action, noting that it “consists of a few days of strong price action followed by a lot of chopps and pullbacks.”
He added that Bitcoin and the broader cryptocurrency market “have a lot of upside opportunities.” However, he warned that there would likely be a pullback in the short term, which he expects to be another great investment opportunity. Rager also claimed that Bitcoin will break the $60,000 resistance level for the first time since 2021 once this pullback is completed. ETH to $3,500 is the next target
In another X post, Rager mentioned that the $3,500 price level is the target for the current bullish momentum in the market. He also believes this will likely happen “sooner rather than later” with the help of Ethereum Spot ETF rumors. Industry experts have expressed confidence that these funds will be approved.
$3,500 is just Rager's first target for Ethereum on the upside this cycle, noting that it is by no means a “peak peak.” Meanwhile, the analyst stated that the peak of this uptrend is still far away. Using cryptocurrency fundraising data as an indicator to determine when the market is close to peaking, he noted that fundraising is still at lower levels compared to the peak of bull market activity.
