A popular crypto analyst predicts that the price of Bitcoin (BTC) will reach $136,000 or even $154,000 before the current bull market ends. The analyst bases this prediction on the supply and demand dynamics of Bitcoin and expects continued demand for the cryptocurrency. He also suggests that the introduction of spot ETFs could contribute an additional $48 billion in 2025. According to historical patterns, the analyst believes that Bitcoin will reach its peak in Q3 or Q4 of next year. The current price of Bitcoin is around $94,882. The analyst also provides price targets for Solana (SOL), another cryptocurrency, with a conservative target of $332 and a bullish target of $361, but indicates that Solana could potentially reach $500 due to ETFs and increasing adoption. Solana's current price is $193.42.
- Content Editor ( dailyhodl.com )
- 2024-12-29
Here’s Where Bitcoin and Solana Will Peak in Current Market Cycle, According to InvestAnswers