Crypto analyst Bluntz shared price forecasts for Bitcoin (BTC) $90,218, Ethereum (ETH) $3,215, and Solana $215 (SOL) with his 287,800 followers on social media. He anticipates Bitcoin to reach $150,000, Ethereum to hit $8,000, and Solana to climb to $500.
Expected Peak for Bitcoin
Bluntz indicates that Bitcoin is currently in the fifth wave of an upward trend according to the Elliott Wave Theory. This theory suggests that an asset gaining value will do so in five waves. According to the analyst, Bitcoin is moving through this fifth wave, which could lead to a significant price increase.
Bluntz states, “BTC has accumulated sideways for longer than expected. Therefore, price expansion could be even higher.” He believes that this movement might indicate a peak within the range of $130,000 to $150,000 for Bitcoin.
Targets for Ethereum and Solana
The targets set are $8,000 for Ethereum and $500 for Solana. The analyst expresses that the current momentum in the market supports the potential for reaching these targets.
Bluntz also highlights expectations for the memecoin Floki (FLOKI). He thinks FLOKI could initiate a new upward trend by surpassing its accumulation band and reach all-time highs. “I foresee a turbo bull market for FLOKI. Today marked a significant breakout after three months of accumulation,” he mentions. Currently, FLOKI is valued at $0.00018.
Bitcoin is currently at $88,554, showing an increase of over 10% on a daily basis. This volatility indicates ongoing fluctuations in the crypto market. Similarly, Ethereum and Solana are exhibiting strong performances. Memecoins can respond quickly to market movements, creating new investment opportunities.
Analysts’ forecasts and predictions can provide valuable insights into understanding future market movements. However, it is essential for individuals to conduct their analyses and proceed while considering risks.