Bluntz, the insightful analyst renowned for his accurate forecast of the 2018 Bitcoin bear market bottom, is once again capturing attention with his latest bullish outlook. Bluntz has shared his optimistic targets for Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) in the current bull market. After struggling for the past six months, Bitcoin has finally reached a new all-time high of $89,517, following Donald Trump’s election win. Experts are predicting that the next few months in the crypto market could be wild, with several factors aligning to push Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) to new heights.
Here’s everything you should know.
Bitcoin’s Wave Five Rally: Path to $150,000?
Bluntz believes that Bitcoin is currently in the midst of a significant fifth-wave rally, based on the Elliott Wave theory, which often anticipates a five-wave movement in a bullish trend. According to Bluntz, Bitcoin has been accumulating strength, leading to his target range of $130,000–$150,000. However, he remains open to revising his prediction 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. As of now, Bitcoin is trading at around $88,554, up over 10% in a single day, showing signs of strong demand and market enthusiasm.
Ethereum on Track to Hit $8,000
Alongside his bullish outlook on Bitcoin, Bluntz sees Ethereum reaching new highs as well. His target of $8,000 for ETH suggests a substantial upside, likely driven by Ethereum’s crucial role in the decentralized finance (DeFi) ecosystem and recent advancements in scaling solutions. Ethereum’s consistent demand and upgrades in its ecosystem make it a central player in this rally, adding credibility to Bluntz’s target.
Solana’s Impending Breakout
Bluntz also sees considerable potential in Solana, setting a bull market target of $500. Known for its high-speed, low-cost blockchain, Solana 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 prominence and user adoption. Should market conditions remain favourable, SOL could potentially meet this target, delivering impressive gains for its holders.
FLOKI Primed for an All-Time High?
In addition to major cryptocurrencies, Bluntz is closely watching the memecoin Floki (FLOKI). He notes that FLOKI recently broke out of a three-month accumulation period, positioning it for a potential rally to new all-time highs. Bluntz’s bullish stance on FLOKI is rooted in its growing community and popularity. Currently trading at $0.00018, FLOKI may 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 genuine momentum, and a new all-time high might be within reach.
