Following a brief sell-off in the last full week of November, BitCoin has since made new all-time highs. The next week or so may still surprise with further corrective dips, yet we would still expect further upside thereafter into mid/late Q1. Upside targets on our. Ethereum did bounce in November vs Bitcoin, i.e. it seems to be positioned more on the Growth side than BitCoin, which appears more Cyclical. By early next year, at the latest from mid Q1, we expect growth themes to make a comeback vs Cyclicals. Ethereum will then probably start to outperform more clearly.
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