Bluntz, a renowned analyst celebrated for accurately predicting the 2018 Bitcoin bear market bottom, is once again in the spotlight with his latest optimistic projections. This time, he shares his bullish targets for Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) amid the current bull market. After facing challenges over the past six months, Bitcoin has triumphantly reached a new all-time high of $89,517, following Donald Trump’s election victory. Experts suggest that the upcoming months in the crypto market could be highly eventful, with various factors converging to propel Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) to unprecedented levels.
Bitcoin’s Wave Five Rally: Path to $150,000?
Bluntz believes that Bitcoin is currently navigating a critical fifth-wave rally, as described by the Elliott Wave theory, which often anticipates a five-wave movement during a bullish trend. According to Bluntz, Bitcoin has been gathering momentum, leading him to set a target range of $130,000–$150,000. However, he remains open to revising his prediction based on market dynamics and future price action. In the short term, Bluntz anticipates a minor pullback to around the $80,000 level before Bitcoin resumes its upward climb. Presently, Bitcoin is trading at approximately $88,554, marking an increase of over 10% in a single day, indicative of strong demand and enthusiasm within the market.
Ethereum on Track to Hit $8,000
Besides his optimistic outlook on Bitcoin, Bluntz envisions Ethereum reaching new heights as well. His target of $8,000 for ETH represents significant potential, likely fueled by Ethereum’s pivotal role in the decentralized finance (DeFi) ecosystem and recent advancements in scaling solutions. Ethereum’s continuous demand and ecosystem upgrades position it as a central player in this rally, adding credibility to Bluntz’s projection.
Solana’s Impending Breakout
Bluntz also identifies substantial potential in Solana, setting a bull market target of $500. Renowned for its high-speed, low-cost blockchain, Solana is gaining traction in the crypto community. With DeFi projects, NFT platforms, and other applications opting for Solana due to its scalability, Bluntz’s forecast underscores the network’s increasing prominence and user adoption. Should market conditions remain favorable, SOL could potentially achieve this target, offering impressive returns for its holders.
FLOKI Primed for an All-Time High?
In addition to major cryptocurrencies, Bluntz is keeping a close eye on the memecoin Floki (FLOKI). He notes that FLOKI has recently emerged from a three-month accumulation phase, positioning it for a potential rally to new all-time highs. Bluntz’s bullish stance on FLOKI is rooted in its burgeoning community and growing popularity. Currently trading at $0.00018, FLOKI may experience a significant surge as it attracts more traders and investors in this bull cycle. Bluntz’s comment, “ATH is not a meme,” reflects his belief that FLOKI’s rally possesses genuine momentum, with a new all-time high possibly within reach.
