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During the holiday break, trader and economist Alex Kruger predicts the growth of the two largest cryptocurrencies by market capitalization.
Krueger told his 104,800 Twitter followers that the rally, staged by no-leveraged traders, could continue until the end of the year.
According to the crypto trader, the bitcoin (BTC) rate has the potential to rise above $ 55,000, and Ethereum (ETH) is able to reach a new all-time high.
Chances are high that we will have a spontaneous Santa Claus rally at the end of the year. BTC will return to $ 50,000, not too much, ETH to all-time highs.
It is unpleasant when many market participants are selling because buybacks can be problematic. Those who sold might hate themselves for it.
At the time of this writing, after falling to the $ 45,000 range, bitcoin is back above $ 47,000, Ethereum is slightly below $ 4,000.
Krueger believes that the Federal Reserve’s decision to raise interest rates starting in 2022 and cut asset purchases by no means end the bull cycle. However, the upward trajectories will be interspersed with more corrections.
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