A closely followed crypto analyst predicts where the price 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 leading crypto asset by market cap to climb at least 43% from current levels before the expiration of the bull market.
“I increased my Bitcoin price target from $120,000 to $136,000 with a super bullish target of $154,000…
Bitcoin is a peculiar animal – it’s all about demand and supply. If demand continues as it has, yes, these goals are very easily achievable, which is hard to believe.
If you (were) to ask me that in 2023, I would say, “Whoa, that’s optimistic.” Additionally, I think cash ETFs (exchange-traded funds) will continue to add at least another $48 billion in 2025. That’s what they added in 2024.”
According to the analyst, the crypto king is expected to peak in the third or fourth quarter of next year, based on historical patterns.
“In 2015-2017 we hit a high of 518 days after the halving and from 2019 to 2021 we hit a high of 546 days after the halving, so taking an average of those, that will take us somewhere between August and October. »
Bitcoin is trading at $94,882 at the time of writing, a slight increase over the past 24 hours.
Moving on to Ethereum (ETH) rival Solana, the crypto strategist reveals his conservative and bullish targets for the layer 1 protocol.
“I have two goals (for Solana), just like with Bitcoin. I have my conservative sandbag target at $332 and my bullish target at $361. Could it go up to $500?
Yes, it could very easily, especially with ETFs and all the adoption that’s happening. All it takes is for someone to really understand fundamental analysis and realize that this channel is pretty darn cheap.
Solana is trading at $193.42 at the time of writing, a gain of 5.18% in the last 24 hours.
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