Observant cryptocurrency analysts are predicting where the prices of Bitcoin (BTC) and Solana (SOL) will peak during the current market cycle.
In a new video update, InvestAnswers hosts say He told his 552,000 YouTube subscribers that he expects the top crypto asset by market cap to rise at least 43% from current levels before the bull market ends.
“I raised my Bitcoin price target from $120,000 to $136,000 and set a super bullish target of $154,000…
Bitcoin is a unique creature and everything is based on supply and demand. If demand continues as it is, these goals are certainly very easily achievable, which is hard to believe.
If you [were to] If you asked me this in 2023, I would say, “Oh, that's bullish.” We're also confident that spot exchange-traded funds (ETFs) will continue to add at least another $48 billion in 2025. That is the amount that will be added in 2024. ”
According to the analyst, based on historical patterns, the crypto tycoon should peak sometime in the third or fourth quarter of next year.
“From 2015 to 2017 it peaked 518 days after the halving, and from 2019 to 2021 it peaked 546 days after the halving. So if you take the average of these, somewhere [the] The period is from August to October. ”
At the time of writing, Bitcoin is trading at $94,882, with a slight increase over the past 24 hours.
Moving on to Ethereum (ETH) rival Solana, the cryptocurrency strategist reveals conservative and bullish targets for the layer 1 protocol.
“I have two goals. [for Solana] Just like I do with Bitcoin. My conservative sandbag target is $332 and my bullish target is $361. Is it possible to go up to $500?
Yes, that could very easily happen, especially with ETFs and all the introductions that are happening right now. All it takes is for someone to really understand the fundamental analysis and they will see that this chain is very cheap. ”
Solana is trading at $193.42 at the time of writing, up 5.18% in the past 24 hours.
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