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Crypto analyst InvestAnswers predicts that Bitcoin 
$108,168 and Solana 
$173 will experience significant price rallies in the near future. In a statement made via YouTube, the analyst expressed confidence that both cryptocurrencies will continue to gain value within the current market cycle. The analyst believes Bitcoin’s price will peak with a 43% increase.
Strong Price Expectations for Bitcoin
InvestAnswers expects Bitcoin to rise by 43% from current levels before the bull market concludes. The previously anticipated price target of $120,000 for Bitcoin has now been raised to $136,000. Additionally, an overly optimistic target of $154,000 is also forecasted. The analyst noted that Bitcoin’s price is shaped by supply and demand dynamics, suggesting these targets are achievable as long as demand remains steady.
Positive Price Outlook for Solana
The analyst adopts a similarly optimistic stance for Solana. Setting a conservative target of $332 for Solana, a competitor to Ethereum 
$2,514, InvestAnswers emphasized that this figure could rise to $361 in a bull market. Furthermore, the analyst highlighted the potential for Solana’s price to reach $500 due to increasing adoption and the influence of ETFs. Solana’s potential is noted as being significantly cheaper compared to other layer-1 protocols.
Based on Bitcoin’s historical performance, the analyst predicts it will peak in the third or fourth quarter of 2024. By comparing it to price surges seen after halving events between 2015-2017 and 2019-2021, the timing for the peak is suggested to be between August and October.
Currently, Bitcoin is trading at $94,882, while Solana has risen to $193.42. The introduction of spot ETFs is expected to add market value by 2025, marking an increase equivalent to what was added in 2024.
