Renowned for his accurate predictions in the cryptocurrency market, analyst Bluntz shared his forecasts for Bitcoin (BTC) $99,148, Ethereum (ETH) $3,892, and Solana $229 (SOL) on the social media platform X. His insights are derived from technical analyses that highlight potential price movements for these major cryptocurrencies.
Targets for Bitcoin
Bluntz states that Bitcoin is currently experiencing a significant fifth wave rally according to Elliott Wave Theory. He believes that the price of BTC could potentially climb to $150,000.
He noted, “BTC has consolidated horizontally for a longer period than expected; thus, the price increase should reach even higher levels.” Bluntz anticipates that Bitcoin may peak between $130,000 and $150,000, suggesting that future price actions could broaden further.
Predictions for Ethereum and Solana
Bluntz sets his target for Ethereum at $8,000, while for Solana, he predicts a rise to $500. These levels are assessed within the context of the overall positive market trend.
He also mentions that the memecoin Floki (FLOKI) could initiate a new upward trend, with potential to reach its all-time high. Bluntz asserts, “I am still a strong FLOKI bull, as a major three-month accumulation phase has been broken.”
Bluntz indicates that Bitcoin is currently priced at $88,554, experiencing over a 10% increase in the last 24 hours. He adds that FLOKI is currently at $0.00018.
The analyst continues to monitor market developments closely, providing signals that investors should heed. He emphasizes the importance of considering market fluctuations and economic indicators when evaluating Bluntz’s forecasts.
Ultimately, while successful predictions in the crypto market are valuable, it is essential for investors to conduct their own research and assess risks effectively.