Market analyst Bluntz has made significant predictions regarding Solana 
$240 (SOL) and Bitcoin (BTC) 
$105,040. In his latest analysis shared with followers, he indicates that SOL coin may run towards a new record high following an “ABC correction” in its four-hour chart. Bluntz suggests a similar scenario for Bitcoin, predicting that the largest cryptocurrency could rebound from a low of around $96,000 to reach as high as $130,000. His insights are grounded in Elliott Wave Theory.
Target for Solana: $320
Bluntz emphasized that Solana’s recent decline aligns with the “ABC correction” model. According to this model, after the completion of the B wave with a triangle formation, a resurgence in price is expected. The analyst pointed out that these signals are clearly visible in the four-hour chart and proposed that SOL coin could move toward the $320 target.
This approach, based on Elliott Wave Theory, advocates that upward trends generally consist of five waves. According to Bluntz, the end of the ABC correction could prompt a new five-wave rally for Solana. He highlighted that the current price levels (at $226) may signify the beginning of this process.
Bitcoin May Be Headed Towards $130,000
Bluntz also noted that a similar scenario could apply to Bitcoin. He mentioned that BTC might establish a low point at $96,000, completing its ABC correction, potentially initiating a new upward wave thereafter. In this case, Bitcoin could reach as high as $130,000.
The analyst remarked that the recent rally could culminate in a “terminal diagonal formation.” This formation is typically observed during the last phase of aggressive upward trends. Bluntz asserted that BTC’s current price of $101,076 is a critical stage in this process and advised investors to proceed with caution.
