One cryptocurrency analyst predicts that the prices of Bitcoin (BTC) and Solana (SOL) will peak during the current market cycle.
In a new video update, the InvestAnswers host tells his 552,000 YouTube subscribers that he expects the top cryptocurrency asset by market capitalization to rise at least 43% from its current levels before the bull market expires.
“I raised my Bitcoin price target from $120,000 to $136,000, with a super bullish target of $154,000…
Bitcoin is a unique animal. Everything is based on supply and demand. If demand continues as it is now, this goal is very easily achievable, which is hard to believe.
If you ask me this question in 2023, my answer will be ‘Wow, that’s optimistic.’ I also believe that cash exchange-traded funds (ETFs) will continue to add at least $48 billion in 2025. This is the amount they added in 2024.”
According to analysts, the cryptocurrency king will reach its peak in the third or fourth quarter of next year based on historical patterns.
“In 2015-2017, it peaked at 518 days after the halving, and in 2019-2021, it peaked at 546 days after the halving. So if you calculate this average, it will be between August and October. ”
At the time of writing, Bitcoin is trading at $94,882, up slightly over the past 24 hours.
Cryptocurrency strategist Ethereum (ETH) rival Solana reveals conservative and optimistic targets for the layer 1 protocol.
“Like Bitcoin, there are two goals (for Solana). I set a conservative sandbag target of $332 and a bull target of $361. Could it go to $500?
Yes, it is very easily possible, especially with ETFs and all the adoption that is happening. “What’s needed is for someone to actually understand the fundamental analysis and see that this chain is incredibly cheap.”
Solana is trading at $193.42 at the time of writing, up 5.18% in the last 24 hours.
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