Analyst Shares His Lackluster Expectations For BTC And ETH

• BTC is currently trading hands at $16,944.93 after a 0.05% increase in price.
• A crypto analyst believes BTC and ETH prices will drop in the upcoming week.
• BTC will probably lower to $15.6k in the coming week.

Looking at the two biggest cryptos in the market, we see that Bitcoin (BTC) is in the green for the day while its competitor Ethereum (ETH) is in the red.

Data from CoinMarketCap indicated that BTC is currently trading hands at $16,944.93 after a 0.05% increase in price over the last 24 hours. In addition to this , the crypto king is also up by more than 2% over the last week.

BTC’s 24 hour trading volume, however, is in the red zone and now stands at $7,610,097,672 after a more than 44% decrease since yesterday.

ETH, on the other hand, is down by 0.11% to now trade at $1,263.57 after reaching a low of $1,260.23 over the last day.. The altcoin is, however, still in the green by more than 5% over the last seven days.

Also in the red zone is ETH’s 24 hour trading volume which stands at $2,568,334,354 after a 45.15% decrease.

A crypto enthusiast and analyst took to Twitter on January 7 to share some of his thoughts on the prices of BTC and ETH. In the post, the analyst stated that he is not “getting overly bullish” and still has a downside bias for both BTC and ETH.

The analyst then also added that if BTC can hold onto $16.8k moving into the next week, he might change his mind about the possibilities for the crypto market leader. The post was concluded by the analyst predicting that BTC will probably lower to $15.6k in the coming week instead.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.