Prominent crypto expert Inmortal has forecast that Bitcoin may soon revisit six-figure price levels. However, he predicts a correction at approximately $85,000 prior to any significant gains.
What is the Target for Bitcoin Prices?
Inmortal indicated that Bitcoin’s monthly opening price will likely be reassessed. He projected a price range for the cryptocurrency to oscillate between its current level and $90,000, ultimately aiming for $100,000, with these movements expected to materialize by May.
Inmortal stated: “$90,000 > $85,000 > $100,000.”
What Does the Future Hold for Solana?
In addition, Inmortal highlighted that Solana recently experienced a staggering 61% drop. He noted that after a prior 67% decline, Solana had rebounded by an impressive 1200%, suggesting that its current downturn may not yet be at its end.
Inmortal remarked: “In 2021, SOL increased by 1200% after a 67% drop. The current 61% decline may signal a rebound.”
At the time of the report, Bitcoin was trading at around $87,015, while Solana was valued at approximately $134.60, with minor fluctuations noted in both cryptocurrencies over the past day.
Such insights shared via social media have raised expectations regarding potential price movements among market participants; however, traders must remember that no expert can guarantee future outcomes.
– Bitcoin’s potential price trajectory:
– Short-term correction to $85,000 expected.
– Aiming for a $100,000 target by May.
– Solana could rebound following its recent 61% decline.
– Previous similar declines resulted in significant rebounds.
This article delivers forecasts grounded in careful analysis and chart assessments. Caution is advised for traders amid market volatility, as these predictions are speculative and not certainties.
