One of the most respected crypto analysts predicts where Bitcoin (BTC), and Solana(SOL), will reach their peak in the current cycle.
In a video update to his 552,000 YouTube followers, the host of the InvestAnswers website says that the market cap for the most valuable crypto assets is expected to rise by 43% before the bull run ends.
I’ve increased my Bitcoin target price to $136,000, up from $120,000. The super bull goal is $154,000.
Demand and supply are the only factors that determine Bitcoin’s behavior. These targets can be easily achieved if the demand keeps going up.
In 2023, if you asked me, “Whoa, that’s bullish,” I would say. Also, the exchange-traded fund spot ETFs will add another at least $48 billion by 2025. This is how much money they have added since 2024.”
The analyst believes that the crypto-king will peak in the third or fourth quarter of next year based on past patterns.
Bitcoin has a value of $94,882 as I write this, an increase that is only a small fraction over the past 24 hours.
The crypto-strategist reveals his bullish and conservative targets for layer-1 protocol, as it competes with Ethereum (ETH).
Just like with Bitcoin, I have two targets for Solana. My conservative target is $332, and my bullish target is $361. Can it reach $500?
It could happen, with all of the ETFs being adopted. “All it takes for someone to understand fundamental analysis is that they will see how cheap this chain really is.”
Solana currently trades for $193.42, which is a gain of 5.18% over the past 24 hours.
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The post Where Bitcoin and Solana will Peak in the Current Market Cycle According to InvestAnswers can be updated as new information becomes available.
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