BTC price target at $12K and Ethereum closer to $800 as nervous markets weather more FTX fallout.
The pair, like major altcoins, remained firmly tied down by cold feet over the FTX debacle and itsFor analysts, the outlook remained just as grim, with already dismal forecasts worsening in light of recent events.
In an extensive market summary, QCP wrote that its price forecasts for both Bitcoin and Ether now had to drop to reflect the impact of FTX.based on Elliott Wave theory from June, it confirmed BTC/USD now had a target of $12,000 and ETH/USD $800. “Hence such potential price action with new lows into the new year would be characteristic of previous bear market sell-offs.”
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