The renowned analyst, Bluntz, known for his precise forecast of the 2018 Bitcoin bear market bottom, is once again in the spotlight with a bullish outlook on the crypto market. He has shared his ambitious targets for Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) amid the current bull market. Following Donald Trump’s election win, Bitcoin has surged to a new all-time high of $89,517 after months of struggle. Experts anticipate a thrilling few months ahead in the crypto space, with various factors potentially driving Bitcoin, Ethereum, and Solana to unprecedented levels. Here’s a comprehensive overview of what to expect.
Bitcoin’s Wave Five Rally: Path to $150,000?
According to Bluntz, Bitcoin is currently navigating a significant fifth-wave rally, as indicated by the Elliott Wave theory, which typically predicts a five-wave pattern in a bullish trend. Bitcoin has been gathering momentum, leading Bluntz to set a target range of $130,000 to $150,000. Nonetheless, he remains flexible, willing to adjust his forecast depending on market developments and future price movements. In the short term, Bluntz foresees a minor correction to the $80,000 level before Bitcoin continues its ascent. Currently, Bitcoin is trading at approximately $88,554, marking a daily increase of over 10%, signifying robust demand and market enthusiasm.
Ethereum on Track to Hit $8,000
In addition to his optimistic view on Bitcoin, Bluntz predicts Ethereum will also achieve new heights. His target of $8,000 for ETH implies a significant upside, likely fueled by Ethereum’s vital role in the decentralized finance (DeFi) ecosystem and recent scaling solution advancements. Ethereum’s steady demand and ongoing upgrades within its ecosystem position it as a key player in this bullish rally, adding credibility to Bluntz’s forecast.
Solana’s Impending Breakout
Bluntz identifies considerable potential in Solana, aiming for a bullish market target of $500. Solana, known for its high-speed, low-cost blockchain, has been gaining significant traction within the crypto community. As DeFi projects, NFT platforms, and other applications increasingly opt for Solana due to its scalability, Bluntz’s projection reflects the network’s growing prominence and user adoption. Given favorable market conditions, SOL could potentially reach this target, offering impressive returns for its holders.
FLOKI Primed for an All-Time High?
Beyond major cryptocurrencies, Bluntz has his eyes on the memecoin Floki (FLOKI). He observes that FLOKI has recently emerged from a three-month accumulation period, positioning it for a potential rally to new all-time highs. Bluntz’s positive stance on FLOKI is backed by its expanding community and rising popularity. Currently valued at $0.00018, FLOKI could experience a significant surge as it attracts more traders and investors in this bull cycle. Bluntz’s remark, “ATH is not a meme,” underscores his belief that FLOKI’s rally possesses genuine momentum, with a new all-time high seemingly within reach.
