Bitcoin and Ethereum are the two leading crypto tokens that secure the hopes of millions of investors. Both BTC and ETH have recorded unprecedented highs in the last bull run that started in 2021.
Since then, the token’s price increase has slowed down, but it has not stopped gradually climbing to new highs.
After Bitcoin hit the $65,000 mark, the cryptocurrency market is finally returning to its uptrend. Let’s see how September will unfold for both tokens.
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Bitcoin and Ethereum price predictions
Bitcoin price prediction for September
Bitcoin recently fell below $59,000. The altcoin market reacted sharply to this change, resulting in significant outflows. Now that the market is recovering its lost valuation and Bitcoin is slowly approaching the $70,000 mark again, investor sentiment is returning to optimism.
According to CoinCodex, Bitcoin value could rise to as high as $86,000 by September 2024.
“According to our current Bitcoin price prediction, Bitcoin price is expected to increase by 36.12% to reach $86,522 by September 25, 2024. According to our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 55 (greed). Bitcoin recorded 15/30 (50%) green days in the last 30 days with 5.93% price volatility.”
Also read: Ripple: Study confirms that 20% of institutional investors hold XRP
Ethereum price prediction for September 2024
Ethereum is another promising crypto token and the second-largest cryptocurrency by market cap. Ethereum is trading at $2,683, down 2% in the last 24 hours.
With the launch of Ethereum ETFs, the token is likely to gain further momentum and eventually lead ETH to new price highs.
The sentiment indicators also signal a greedy attitude among investors. This suggests that they are still holding and hoarding Ethereum in order to make better profits soon.
According to CoinCodex, ETH could rise by 5% and reach the price mark of $2,898 by September 2024.
“According to our current Ethereum price prediction, Ethereum price is expected to increase by 5.98% to reach $2,834.35 by September 25, 2024. According to our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 55 (greed). Ethereum recorded 12/30 (40%) green days in the last 30 days with a price volatility of 10.20%.”
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