dailyhodl.com
An analyst with a history of spot-on crypto calls is outlining his bull market targets for Bitcoin (BTC), Ethereum (ETH) and Solana (SOL).
Pseudonymous analyst Bluntz tells his 287,800 followers on the social media platform X that Bitcoin will hit a bull market top at $150,000, Ethereum at $8,000 and Solana at $500.
Looking closer at Bitcoin, the analyst believes that BTC is in the midst of a major wave-five surge, propelling BTC toward his massive price target.
“BTC ended up vertically accumulating for longer than originally anticipated so naturally the expansion should move higher as well.
Forecasting BTC to end up at $130,000-$150,000 at the moment, pending further price action and how much the next few legs extend by.
Open to revision.”
Bluntz practices the Elliott Wave theory, which states that a bullish asset tends to witness a five-wave upside move. Based on the trader’s chart, he seems to predict that in the short term, Bitcoin will pull back to the $80,000 level before moving higher.
At time of writing, BTC is worth $88,554, up over 10% on the day.
The trader is also keeping a close watch on the memecoin Floki (FLOKI). Bluntz says FLOKI looks ready to spark a new uptrend and head to all-time high (ATH) levels after breaking out from an accumulation range.
“Still a turbo FLOKI bull, major three-month accumulation break underway today, ATH is not a meme.”
At time of writing, FLOKI is worth $0.00018.
Generated Image: Midjourney