Anticipation of stock market crash due to the COVID-19 outbreak has led many people channeling money into “safe haven” type of investments such as gold and cryptocurrencies. The uptrend can, in my opinion, continue well into the level of $16,000 but unlikely beyond $20,000 by the end of year 2020. On the other hand, with the real-world economy further shrinking due to prolonged lockdowns, retraction back below $10,000 is also likely within the next 6 months.

https://steemit.com/upfundme/@crowdwisdom/as-of-now-august-2020-a-major-correction-of-ethereum-back-to-level-below-usd200-is-likely-in-coming-months-the-recent-spike-in Once the hype dies down, we’ll start seeing ETH retracting in steps.

Whereas for Bitcoin, most likely it can hold above $10000 in the next few months. But with the global economy shrinking further due to COVID-19, retraction to levels below $7000 is very likely before the end of this year (2020).

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