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Analyst Says Strong Crypto Bounce Seems Likely, Predicts Rallies to New Record High for Ethereum and Solana

Analyst Says Strong Crypto Bounce Seems Likely, Predicts Rallies to New Record High for Ethereum and Solana
The crypto market experienced a massive liquidation event, with over $1.58 billion in liquidations within 24 hours. Bitcoin dropped to a three-month low of $86,141. However, a popular crypto strategist believes that a significant relief rally is on the horizon, triggered by a short squeeze. After the squeeze, the strategist predicts a capitulation event that will pave the way for new record highs. They anticipate Bitcoin rallying to $100,000 before dropping to $80,000 and then surging to new all-time highs. Ethereum and Solana are also expected to follow similar paths, with Ethereum potentially reaching $5,000 and Solana rallying to $185 before a drop to $120 and subsequent reversal to $310.

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