Bluntz, the insightful analyst known for accurately predicting the bottom of the 2018 Bitcoin bear market, is turning heads again with his latest bullish outlook. Bluntz has shared his bullish targets for Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) in the current bull market. After struggling for the past six months, Bitcoin has finally hit a new all-time high of $89,517 following Donald Trump’s election victory. Experts predict that the next few months could be wild in the crypto market, with several factors aligning to push Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) to new heights.
Here’s everything you need to know.
Bitcoin’s Wave Five Rally: Road to $150,000?
Bluntz believes that Bitcoin is currently in the midst of a major fifth-wave rally, based on the Elliott Wave theory, which often anticipates a five-wave move in a bullish trend. According to Bluntz, Bitcoin has been gaining momentum, leading to its target range of $130,000 – $150,000. However, he remains open to revising his forecast based on market conditions and upcoming price action. In the short term, Bluntz expects a slight pullback to the $80,000 level before Bitcoin resumes its upward trajectory. Currently, Bitcoin is trading at around $88,554, up more than 10% in one day, showing signs of strong demand and market enthusiasm.
Ethereum on track to reach $8,000
In addition to his bullish view on Bitcoin, Bluntz sees Ethereum also reaching new highs. His $8,000 target for ETH suggests a substantial upside, likely driven by Ethereum’s critical role in the decentralized finance (DeFi) ecosystem and recent developments in scaling solutions. Ethereum’s consistent demand and upgrades in its ecosystem make it a central player in this rally, adding to the credibility of Bluntz’s target.
Solana’s impending outbreak
Bluntz also sees significant potential in Solana and sets a bull market target of $500. Solana is known for its fast, low-cost blockchain and has been gaining traction in the crypto community. With DeFi projects, NFT platforms and other applications choosing Solana for its scalability, Bluntz’s projection reflects the network’s increasing awareness and adoption by users. Should market conditions remain favorable, SOL could potentially achieve this target, generating impressive profits for its holders.
FLOKI Ready for a record high?
In addition to the major cryptocurrencies, Bluntz is keeping a close eye on the memecoin Floki (FLOKI). He notes that FLOKI recently emerged from a three-month accumulation period, positioning itself for a potential rally to new all-time highs. Bluntz’s optimistic attitude toward FLOKI is rooted in its growing community and popularity. Currently trading at $0.00018, FLOKI could see a substantial boost 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 has real momentum and that a new all-time high could be within reach.
