”Bitcoin will surpass $200,000 and Ethereum will surpass $7,500 by the end of the year”

News 1 reported that Ethereum surged yesterday and Bitcoin surged today, resulting in cyclical buying and causing virtual currencies to rally every day.
Cyclical buying occurs when the stock price of a certain stock rises in the capital market, which leads to cyclical buying sentiment for other stocks in the same industry, causing the stock prices to rise.
This refers to the phenomenon whereby when Bitcoin stagnates, altcoins (coins other than Bitcoin) rise, and when altcoins stagnate, Bitcoin rises.
Coins are rising alternately, with Bitcoin and Ethereum in particular rising alternately, lifting the entire cryptocurrency market.
As a result, Bitcoin is expected to reach $200,000 (approximately ¥29.3 million) and Ethereum to reach $7,500 by the end of the year.
The day before, Ethereum surged more than 5% to surpass $4,700 (approximately ¥660,000), approaching its all-time high.
However, Ethereum only rose by around 2% on that day. Instead, Bitcoin surged by nearly 5% to $124,457 (approximately 18.2 million yen), reaching an all-time high.
The cryptocurrency media CoinDesk reported on the same day that "Bitcoin will reach $200,000 (approximately 29.3 million yen) by the end of the year, while Ethereum will reach $100,000 (approximately 29.3 million yen) by the end of the year."
will surpass $7,500 (approximately 1.1 million yen) each."