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