Bitcoin $83,078 is not meeting expectations and cryptocurrencies did not rise as anticipated in October. While experts suggested a potential upward trend starting September 20, the current political scenario and the Uptober narrative do not align with reality. What direction do experts’ predictions for cryptocurrencies indicate?
Bitcoin Price Predictions for 2024 and 2025
Since 2022, cryptocurrency markets have only seen impressive gains in March of this year. Although a movement was expected following ETF approval, its rapid deceleration was surprising. Cryptocurrencies have been fluctuating within a narrow range for over two quarters.
However, in today’s analysis, the Titan Of Crypto shared a graph reiterating six-digit target expectations for late 2024 and 2025. According to this, BTC is expected to see a new peak above 115,000 dollars, with the fourth cycle’s peak set to exceed 200,000 dollars.
“Bitcoin is Targeting the Blue Line.”
BTC is moving toward the blue line of the Power Law Corridor. This breakout may occur by the end of 2024 or in 2025.
The outlook for the fourth quarter of 2024 is promising, but the average increase in October has yet to be approached. Rover shared a table stating that the Bitcoin price should reach 150,000 dollars by the year’s end.
“Bitcoin’s average fourth-quarter return in halving years is 113%. If history repeats, Bitcoin could approach a value near 150,000 dollars by year-end. How dare you be bearish!”
Solana (SOL) Target
At the time of writing, SOL Coin is priced at 167 dollars, maintaining a significant level. Despite Bitcoin’s decline, SOL did not drop as much as others. Carl mentioned in today’s evaluation that SOL Coin’s strong stance is noteworthy. He believes that if the following symmetrical triangle breaks upward, it could continue rising toward 176 dollars.
The next important level for SOL Coin will be 188 dollars. Following that, breaking the resistance at 210 dollars could lead to a new all-time high. Currently, SOL is up by 2% today.
Bitcoin stands at 67,219 dollars, with a daily low of 66,571 dollars.