Bitcoin Price and Ethereum Prediction: Will BTC and ETH Shake Off the Shackles and Break Free of Tight Ranges?

cryptonews.com:

As the weekend approaches, cryptocurrency enthusiasts are keeping a close eye on Bitcoin (BTC) and Ethereum (ETH), wondering if these leading digital assets will manage to break free from their recent tight trading ranges. 

Both BTC and ETH have experienced limited volatility, leaving investors and traders eager to see if these cryptocurrencies can shake off the shackles and embark on a decisive price move. 

In this update, we'll delve into the latest price predictions for Bitcoin and Ethereum, exploring the factors that could potentially trigger a breakout in either direction.

Bitcoin, the world's biggest cryptocurrency, has been trading on the bullish track and has seen significant growth this year, rising more than 70% since the start of 2022. BTC is currently trading above $28,250 levels after reaching a nine-month high of $29,000 levels.

Meanwhile, Ethereum, the second most popular cryptocurrency, has also seen significant gains, climbing above the $1,800 mark. The global cryptocurrency market capitalization is $1.18 trillion, with a 24-hour gain of 2.43%.

However, the reason for its upward trend could be attributed to a variety of factors, including the upcoming Bitcoin halving event in 2024, which will benefit Bitcoin prices by reducing supply and creating long-term positive factors.

Furthermore, the upticks in Bitcoin prices were also linked to large investors, known as "Bitcoin Whales," who have been accumulating BTC and have wallets containing 1,000-10,000 BTC, suggesting a potential price rebound for Bitcoin.

It is worth noting that Bitcoin has outperformed several cryptocurrencies with its unexpected rises and provided fantastic returns to those who bought it at a discount. According to experts ' predictions,