As the year nears its end, Bitcoin’s price is still under the $100,000 threshold, generating mixed reactions among cryptocurrency traders, especially following Trump’s unexpected electoral win. Despite recent altcoin surges exceeding 100%, the market sentiment has taken a downturn, leaving many worried as the once-hopeful $90,000 price for Bitcoin now feels out of reach.
What Do Experts Predict for Bitcoin?
Market fluctuations evoke diverse emotions among crypto investors. While a $20,000 price was exhilarating in 2018, it became a source of distress in 2022. Presently, even the prospect of $90,000 leaves investors disheartened, contrary to the excitement seen when Bitcoin surpassed $60,000 in 2021.
What’s the Outlook for Solana?
Analyst Jelle emphasizes a long-term view for Bitcoin, projecting a surprising turn in 2025 following a strong bull cycle that reached notable highs before the halving event. Conversely, Michael Poppe foresees potential declines before Trump’s inauguration, with predictions suggesting a rebound around $90,000 after a dip.
Tardigrade predicts positive momentum for Solana (SOL), citing an ascending triangle pattern. If SOL manages to reclaim the significant resistance of $199, it could break free of its current downward trend and aim for new highs.
- Bitcoin may experience further lows before a recovery.
- Solana is poised for potential price increases if it surpasses $199.
- Market sentiment is currently cautious, especially following Trump’s victory.
As of the latest updates, SOL is trading at $193, down 1.37%, while Bitcoin is priced at $97,758, with Ethereum still struggling to reach $3,550. Investors remain watchful as the market dynamics evolve.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
