Ethereum (ETH) Might Lead New Rally, Start Expected in Q1, 2023: Opinion

Prominent Bitcoin (BTC) mining entrepreneur Jiang Zhuoer, CEO of BTC.TOP and B.TOP mining firms, shared his forecast on the first phase of the next bullish rally in crypto. While the run might start in a few months, its scenario might be different to what we witnessed in previous cycles. 

Optimistic and pessimistic forecasts by industry veteran Mr. Jiang Zhuoer took to Twitter to share his estimations of the prospects of Bitcoin (BTC) and Ethereum (ETH) in the next bullish rally. He attempts to compare the ongoing cycle with those of 2014 and 2018. As such, he publishes two scenarios for cryptocurrency bulls, an optimistic and a pessimistic one.

If the November 2022 decline triggered by the FTX drama was the ultimate bottom of this cycle, the four-year period remains valid for every major cycle in crypto. As such, the potential collapse of Digital Currency Group, which is being widely discussed in the media, is already priced in and will not affect the price significantly. Then, while the new upsurge is almost imminent, the market can follow one of two scenarios. If the optimistic one plays out, the rally might start two months after the last phase of "sideways" moves.

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