Traders Prepare for Next Bitcoin Highs

Bitcoin’s rally weakened on Tuesday, suggesting that buyers took some profits at around the $68,500 all-time price high.

The cryptocurrency is currently up by about 5% over the past week, compared with a 3% rise in ether over the same period.

Despite a short-term retreat, upward price targets are expectedfor both BTC and ETH over the next month.

There is a positive sentiment that often prevail the crypto markets near every year’s end. Price target of around $80,000 for BTC is suggested by the end of the year, and a $5,500 target for ETH during the same period. ETH is currently at $4,777.