Now that the Fed has cut rates, many wonder if money printing is about to ignite a crypto boom. To shed light on this, well-known analyst CrediBULL Crypto shares surprising price predictions for BTC, ETH, SOL, and XRP in a recent YouTube video on the Thinking Crypto channel.
These insights could change your investment strategy, so get ready for a big move in the crypto market as the bull run is about to begin.
Bitcoin Price Prediction: $150k Next
Analyst Credible Crypto notes that Bitcoin is currently experiencing a long consolidation phase. While this might worry some traders, it’s a typical occurrence, especially when compared to previous corrections, like the one around $30k before rising to $71k.
Current analysis indicates we may be nearing the end of Wave Four, with Wave Five potentially starting soon. This could lead to significant price movements and a “parabolic blow-off top.”
However, the analyst didn’t pinpoint the exact timing of the breakout, he believes Bitcoin might hit around $150k, marking a 250% rise from current levels.
For ambitious investors, Bitcoin could even reach between $110K and $300K in this cycle!
Ethereum Eye For $10K
Moving forward into the analysis Credible Crypto highlighted about ethereum price action. He suggests that the ongoing correction isn’t over just yet, expecting a final lower low before a rebound. Analyzing the three-month chart, he notes a consolidation phase similar to the rise from $1.5K to $4K.
Further, analysts highlighted that Ethereum’s movement is closely tied to Bitcoin. If Bitcoin hits $150,000, ETH could double or triple, targeting $5K to $7K. Furthermore, we could even see a potential surge to $10K.
Solana Price To Hit $1000K
Further into the analysis, Credible Crypto pointed out that Solana has recently performed well, but a price cooldown may be on the horizon. He highlights a crucial resistance level in the Solana-Bitcoin pairing that could trigger a drop to the $120-$130 range before any future rise.
While he believes Solana could eventually hit $1,000, he stresses that a correction is needed for healthy growth. For now, he suggests investors look for better opportunities elsewhere.
XRP Ready To Soar: $3.3
Lastly, Credible Crypto notes that XRP is on the verge of a significant price movement after years of consolidation. The coin has struggled in a sideways trend since 2017, mainly due to the SEC lawsuit.
Now the lawsuit is resolved analysts hint that XRP could break free and hit new highs of $3.35, with the potential to jump into double digits between $10 and $30.
