Following the recent launch of Ethereum ETFs, market activity increased while Bitcoin’s decline seemed to continue. Everyone was curious about Ethereum’s price, but there was a noticeable stagnation. Amidst all this, a well-known market analyst made significant statements about Bitcoin and one of Solana’s key meme coins.
What Will Bitcoin’s Price Be?
A well-known crypto analyst indicated that Bitcoin (BTC) has the potential for a possible upward movement, which is approaching.
The Crypto Dog, an analyst on X, noted that Bitcoin’s current pattern resembles its behavior in November 2020, when BTC surged from $14,000 to $69,000 in just a few months.
When BTC last surpassed such a level, we saw a 375% increase.
The shared chart suggests that BTC could experience a volatile upward price movement if it surpasses the resistance at $68,300.
As of the time of writing, Bitcoin is trading at $66,700, reflecting a 1% drop in the last 24 hours.
According to The Crypto Dog, Bitcoin might be in the initial phase of a potential upward price movement.
Entering a rising trend without a significant drop usually marks the start of a major rally.
The analyst also suggests that BTC could reach unprecedented levels following the potential rally.
This is an ATH (all-time high) run. Get blood tests. If <1000 ng/dl, take intramuscular testosterone. Leave nothing to chance.
What Is BONK’s Price?
Meanwhile, the analyst closely monitors the price movements of Bonk (BONK), a memecoin on the Solana (SOL) network that made headlines at the end of last year. The analyst believes that BONK could outperform the market for the rest of the year due to its current strong performance.
Early surging cryptocurrencies tend to maintain this leadership.
As of the time of writing, BONK is at $0.00002894, reflecting a drop of over 6% in the last 24 hours. In the past 7 days, BONK’s price movement has increased by over 8%.
